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NerdWallet's Smart Money Podcast

Mind the “Middle Skills” Gap: Aligning Education with Today’s Job Demands

NerdWallet's Smart Money Podcast

NerdWallet Personal Finance

Business, Education, Investing, How To

4.2665 Ratings

🗓️ 10 July 2024

⏱️ 20 minutes

🧾️ Download transcript

Summary

Discover how to align education with job market demands, tackling underemployment and economic stagnation in “middle skills” jobs. What are “middle skills” and why are they in high demand? What are the economic implications of misalignment between middle skills credentials and job market demands? Hosts Sean Pyles and Anna Helhoski discuss the misalignment in the labor market concerning middle skills credentials and the impact of place-based policies on local economies to help you understand the complexities and challenges in securing middle skills jobs. They begin with a discussion of the misalignment between middle skills credentials and local job markets, with tips and tricks on recognizing high-demand fields, avoiding oversaturated programs, and the importance of aligning education with job market needs. Then, Anna speaks with Zach Mabel, one of the co-authors of “The Great Misalignment,” a new report from Georgetown University Center on Education and the Workforce. He discusses the challenges of place-based policies and their impact on middle skills training disparities. They discuss the racial and ethnic disparities in accessing middle skills programs, the funding challenges faced by public community colleges, and the importance of strategic alignment between educational programs and labor market demands to improve job placement and economic outcomes. Sean and Anna then break down the latest money headlines, including monthly job figures, a federal judge temporarily stopping the Federal Trade Commission’s ban on corporate non-compete agreements, and a new report from the Federal Trade Commission on pharmacy benefit managers. In their conversation, the Nerds discuss: future-proofing, middle skills jobs, job market demands, economic challenges, workforce insights, local economies, middle skills training, labor market alignment, education and job market, underemployment, economic stagnation, blue-collar jobs, business degrees, general studies degrees, place-based policies, racial disparities, ethnic disparities, community colleges, funding obstacles, job placement, economic outcomes, employment figures, corporate non-compete agreements, labor market, job credentials, associate degrees, trade schools, technical colleges, underproduction, credential overproduction, job openings, low-paying jobs, economic mobility, urban-rural divide, institutional employer partnerships, post-college movement patterns, free tuition programs, non-compete clauses, PBMs, the FTC, and middle skills providers. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:25.3

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0:27.1

Click or tap the banner to find out more.

0:30.6

Welcome to NerdWallet's Smart Money Podcast.

0:33.2

I'm Sean Piles.

0:34.1

And I'm on a Hill Hockey.

0:35.5

And this is our weekly Money News roundup, where we break down the

0:38.6

latest in the world of finance to help you be smarter with your money. We'll go deep into a single

0:42.9

topic and then leave you with the latest money headlines. Today, we're talking about jobs of the

0:47.6

future. Is this an episode about how robots will be taking over the labor market in the future,

0:52.2

Sean? Actually, no, Anna. We're focusing on labor

0:55.2

markets that consist of real live people. And according to a recent report from Georgetown University

1:00.6

Center on Education and the Workforce, half of them aren't on track to meet their own demands by

1:05.6

2013. Yeah, more people than ever are educated beyond high school. We're talking certificates,

1:11.4

associate degrees, bachelor degrees, and higher. But certain in-demand credentials are missing.

...

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