Investments by employers in the training of its workers have plummeted in recent years, while the need for enhanced skills has increased significantly during the same period. This fundamental asymmetry has weakened the overall workforce, with consequences spilling throughout the economy.
In a recent paper, the Aspen Institute brings to light a number of the forces driving this dynamic. More importantly, the Aspen Institute recommends the introduction of a Worker Training Tax Credit as a possible solution.
Joining New Start New Jersey for a discussion of the Worker Training Tax Credit is one of the authors, Ethan Pollack, Associate Director of Research and Policy for the Future of Work Initiative at the Aspen Institute.