Austin Hufford
speaker
97 appearances
2 recordings
1 series
first heard Dec 2019
last heard Jan 2020
Austin Hufford’s voice in public audio — every appearance, attributed to the second.
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Appearances
WSJ Your Money Briefing · U.S. Factories: White-Collar Education for Blue-Collar Work · 10 Dec 2019
podcast
Basically, over the last few decades, we're seeing an upskilling of the manufacturing economy, you know, driven by automation and trade.
Basically, that means is that within a few years, there's going to be more manufacturing workers with college degrees than workers with at most the high school education.
In the last six years, the jobs requiring the most complex problem solving skills, like the engineers and those types of jobs, grew 10%.
The jobs that required the least amount
of complex problem-solving skills such as cleaners fell 3%.
This is likely to be repeated across the manufacturing economy.
Basically, the jobs that require the most thinking are growing, and the jobs that require the least amount of thought, the ones that are most rote, are declining.
Yes, definitely.
Basically, in the aftermath of the recession, there was a ton of layoffs as factories closed and other things.
And since then, the new jobs added have increasingly been going to the higher skilled.
Even though we added more than a million jobs, there are actually less people employed today in manufacturing with a high school diploma than then before the recession.
It's a wide range, but it's definitely things that are very skill based.
You know, these manufacturing companies don't necessarily want a liberal arts education or an English degree.
They want someone who knows how to weld, who can operate an advanced milling machine.
It's more about having skills that allows you to do specific jobs and grow with the company over time.
It's not about sort of an advanced exploration of the mind, as many people think college is about.
In the suburbs of Chicago, where I'm based, Pioneer Service has invested a ton in automating their factory floor.
You know, basically over the last five or 10 years, the company has completely transformed itself.
Now, about half of its workforce is women and they're much highly educated than before.
So Pioneer Service is what we call a machine shop.
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