CEO Innovation Summit | December 6, 2018 Learn More

Education and Workforce Stumbling on STEM: Why K-12 Education Must Align with the Digital Economy


A skilled workforce is the cornerstone of economic competitiveness. And yet, the United States is failing to develop the talent U.S. businesses need to compete in today’s global economy.

The goal of our education system is to impart the foundational skills and knowledge needed to succeed in work and life. But in an economy that looks vastly different than it did 20 years ago, a traditional approach to education is struggling to equip students with the skills in the most demand among the nation’s leading businesses.

READ ABOUT THE IMPORTANCE OF EARLY CHILDHOOD EDUCATION

In order to support the foundation for a more productive economy and greater prosperity for future generations, policymakers, schools, and the business community are coming together through public-private partnerships that ensure educational pathways offered to students are aligned with the needs of our modern workforce.

“Public-private sector partnership is the key to training the skilled workers we need for the millions of jobs available today and for the economy of tomorrow,” said Jamie Dimon, Chairman and CEO, JPMorgan Chase and Chairman of Business Roundtable, at the Business Roundtable Workforce Partner Initiative Launch

As technology’s role in economic growth and innovation continues to grow, employers increasingly need qualified workers with the STEM skills — science, technology, engineering and math — to take on important roles in cybersecurity, data science, engineering, and computer science.

null

But despite the importance of STEM occupations to U.S. economic competitiveness, many U.S. students find STEM learning inaccessible or uninspiring. In fact, more than 80 percent of U.S. high school students are either uninterested or non-proficient in STEM subjects, which suggests that our education system is failing to demonstrate to millions of students the relevance and opportunity that STEM can bring to their lives and to the nation’s economic future.

“It can take up to two years to fill some of our high-level PhD positions,” said Dr. James Goodnight, CEO of the advanced analytics company SAS.

To realize more widespread progress, leaders at all levels — policymakers, business executives, school administrators, teachers and parents — will need to embrace and advance new ideas about what, when, where and how we teach and learn.

READ MORE ABOUT HOW BUSINESSES AND EDUCATORS ARE ALIGNING

Business Roundtable supports the adoption of Next Generation Science Standards along with those standards in reading, writing and math, currently adopted by 45 states, which are designed to provide all K-12 students with an internationally benchmarked education. Additionally, our nation’s business leaders encourage state policymakers and educators to strengthen preparation and professional development programs using research-based practices to improve STEM instruction at all levels.

In order to maintain the innovative spirit of the American economy, leaders from across the nation must continue to work to ensure that K-12 education is better-aligned with the demands of the future. Unlocking the potential of students across the country creates greater opportunities for individual success and guarantees a healthier economy for all Americans.

That’s why America’s leading businesses are working tirelessly to realize a future in which all Americans are ready to work and prepared to succeed in the modern global economy.

Up Next:

Training for the Future: Businesses Adapt Apprenticeships for a Changing Economy

Read More