Economics Speaker John Manzella Breaks Down Labor, Skills, Workforce at AAMA Annual Conference

Economics speaker John Manzella spoke about the skilled labor shortage crisis in manufacturing and posed possible solutions for how to best address this industry issue.

Manzella led an open session on the topic in addition to a closed executive session about international business and trade policy during the American Architectural Manufacturers Association (AAMA) Annual Conference (February 25-28).

Manzella began by noting that the current American unemployment rate is only 4 percent.

“This is fantastic,” he said. “But we have a dismal worker participation rate for both men and women. If you can't find labor today, chances are, that problem will only become more severe.”


Manufacturing has shifted, Manzella said, leaving rural areas, where it was the previous source for many jobs. These are the same areas being hit hard by the current opioid crisis, to which many workers on disability have fallen victim. Additionally, the rate of Baby Boomers leaving the workforce is still a problem, since those long-time workers are taking their skills with them.

“As a result of all these factors, you've got tremendous vacancies,” said Manzella. “Manufacturing jobs that can't be filled are at 428,000. Construction jobs that can't be filled total 382,000.”

Manzella estimated that, by 2030, there will be a loss of revenue of $1.75 trillion for companies as a result of the skilled labor shortage.

“If you can't find the labor you need, you can't grow,” he said.

600450 Economics Speaker John Manzella Breaks Down Labor, Skills, Workforce at AAMA Annual Conference

See more news about:

Others also read

The California Energy Commission (CEC) is seeking to improve energy efficiency through alternate products, such as the Thin Triple window.
All green building programs and the standards that support them are increasing in popularity and usage, according to Jon Smieja, Ph.D., Product Sustainability Manager at Andersen Corporation.
Customer input drives future development of the company’s software solution.
Joe Gates from Lattuada North America will join the popular bi-annual TGA Glass-Conference II.
The Spring Conference and Annual General Meeting of Fenestration Canada will take place from June 3rd to 6th in Niagara-on-the-Lake, ON.
The new 2019 California Energy Standards, slated to take effect January 1, 2020, continues the state’s pursuit of its goal to achieve zero net energy (ZNE) by 2020 for residences and by 2030 for commercial buildings.

Add new comment