Kentucky's Workforce Crisis and Solutions
Dive into Kentucky's ongoing workforce crisis through a comprehensive analysis of declining participation rates over two decades. Explore root causes like retirements and skills gaps, along with additional factors such as lack of child care access and slow population growth. Discover policy solutions and potential remedies outlined in reports by the Kentucky Chamber of Commerce.
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Presentation Transcript
Kentuckys Workforce Crisis in the News Mountain News WYMT: Kentucky leads nation in workforce participation decline Hazard Herald: Kentucky Chamber says state near the bottom in US for workforce participation WDRB: Kentucky ranks 48th when it comes to filling jobs NKY Tribune: KY Chamber releases report outlining complexities of state s workforce struggles and available remedies WAVE 3: Business report says 43% of Kentuckians choose not to work Messenger-Inquirer: Report: Worker shortage 20 years in making WKYT: Report from Ky. Chamber of Commerce highlights workforce crisis in the commonwealth WBKO: Report from Ky. Chamber of Commerce highlights workforce crisis in the commonwealth Herald-Leader: Barely half of KY adults are in the workforce, leaving out 1.5 million, report warns
Background & Context Why another workforce report? The need for urgency Reframing the conversation What s in the report? A data-driven, historical analysis of Kentucky s workforce challenges An overview of root causes State policy solutions
Kentucky and Neighboring States, Workforce Participation Rates, June 2021
Key Takeaways The percentage of Kentucky adults who participate in the workforce has been in a state of decline for two decades. This is part of a national trend, but it is worse here in Kentucky. In fact, it is worse here than almost anywhere else in the nation.
Additional Root Causes Lack of Access to Child Care Health and Substance Use Disorder Infrastructure, Transportation, and Broadband Incarceration, Re-entry, and Criminal Records Benefit Cliffs and Social Safety Net Programs Slow Population Growth
Examples of Solutions Track and evaluate workforce programming and spending Make the FAFSA a high school graduation requirement Remove barriers to education and employment for individuals with criminal records Improve the competitiveness and attractiveness of Kentucky s tax code Optimize Kentucky s UI system for rapid re-employment Expand and improve the Child Care Assistance Program Reduce smoking rates
Private Sector Actions & Public-Private Partnerships The Kentucky Chamber Foundation s Workforce Center Kentucky Transformational Employment Program (KTEP) Talent Pipeline Management (TPM)
Next Steps Legislative and regulatory actions Future updates
