Boulder Economic Summit 2018: Skilled Workers Essential to Boulder’s Future, Housing a Key Issue

Boulder County excels at attracting talented and skilled workers. But change is in the air, says futurist Josh Davies, CEO at The Center for Work Ethic Development and keynote speaker at the recent Boulder Economic Summit 2018: The Workforce of the Future.

Statistics presented by futurist Davies suggest that if the last decade rocked with rapid change on the job-front, hang on to your Smartphone – the future promises to be a rocket-ride.

And, the future starts now.

Today, Boulder County employers are going head-to-head with the rest of the world. Local businesses compete globally for highly skilled workers integral to business success, yet these workers are too few in number to fill the demand. If corrective steps aren’t taken, the worker shortage will continue and potentially worsen, predict speakers at the Summit.  Success is critical, since Boulder County’s thriving economy, vitality and quality of life depends on local businesses continuing to engage world-class, highly skilled people.

Hosted by the Boulder Economic Council (BEC) and the Boulder Chamber at CU-Boulder, the Boulder Economic Summit brought experts and hundreds of community leaders together to evaluate Boulder’s competitiveness in the global demand for talent. In breakout sessions and roundtable discussions, the group explored how education and workforce development must evolve to keep up with the impacts of automation, immigration, globalization and other forces affecting future jobs.

There Will Be Robots. Lots of Robots.

People, get ready. Futurist Davies says the robots are coming and in more ways than ever expected.

The growth will be explosive: 1.7 new industrial robots will be in use by 2020, with robots performing tasks in homes and offices – not just in manufacturing, says Davies.

In his talk, 2030: The Workplace Revolution, Davies highlighted how technology will change our jobs in the coming decade and the pressing need for skill development and preparation.

With advances in technology and creative disruption in industries, employment has shifted, explains Davies, adding that 85 percent of jobs in 2030 haven’t been created yet. By then, computers will function at the speed of the human brain. He warns that increased automation and artificial intelligence will significantly alter employment needs and businesses should be prepared.

Low-skilled and entry-level and other jobs that perform repetitive tasks will no longer be available to human workers – computers and robots will fill that need. While companies do not like to replace people with robots, if robots cost 15-20 percent less, humans will lose out.

Davies predicts retail jobs will be replaced by robots at a very high rate, even though it is the leading profession in most states. Sixteen million retail workers will need to be retrained for new jobs.

His strategies for the future are to recognize that whether tasks are cognitive or non-cognitive, repetitive tasks can be automated. To succeed, workers need to develop non-cognitive skills: problem-solving, critical thinking and empathy.

Acquiring New Skills Critical to Success

Andi Rugg, executive director of Skillful Colorado, says one-third of the American workforce will need new skills to find work by 2030.

In her talk, Understanding the Skills Gap, Rugg emphasizes that training and retraining are the path to success, not only for the coming decade, but for today. There are 6.3 million unfilled jobs in the U.S. today because there’s currently not enough talent to bridge the gap between employer requirements and the workforce.

Rugg stresses that hiring needs to become skills-based, since we are in a skills-based economy. Her statistics are hard hitting:

  • Jobs requiring college degrees exceed the number of workers who have them.
  • Seventy percent of job ads for administrative assistants ask for a college degree, but only 20 percent of administrative assistants have a college degree.
  • Only 3 in 10 adults in the U.S. have a bachelor’s degree – demand for bachelor’s degree is outstripping supply of workers who have them.
  • Only 35 percent of Boulder County’s skilled workers have a degree and Colorado ranks No. 48in the nation for the number of people of color with a degree.
  • Employers need to be more agile in hiring and realize that skills can bridge the gap.
  • Employers need to focus on skills to address inequities in the labor market.
  • Employers should also offer upskilling and lifelong learning for employees.
  • Skills-matching improves employee retention and engagement as well as reduces the time to hire and ultimately reduces turnover costs for the employer.

Housing and Transportation Keys to the Solution

In a roundtable discussion led by RE/MAX of Boulder Broker/Owner Jay Kalinski, the team tackled one of Boulder County’s looming challenges in attracting workers to Boulder County – affordable housing and transportation options that enable commuting. The group developed possible solutions to ease transportation and affordable housing issues.

Photo caption for photo above: Jay Kalinski, RE/MAX of Boulder Broker/Owner (left} leads a roundtable discussion to develop transportation and affordable housing solutions.

Learn more about the discussion in Jay Kalinski’s article in BizWest, “Where will Boulder’s workforce of the future live?” at: https://bizwest.com/2018/06/01/where-will-boulders-workforce-of-the-future-live/?member=guest

Community Collaboration

In breakout sessions and the closing plenary, discussions revolved around ways the community can address workforce and economic development by bringing together private sector businesses and industry with educational institutions and organizations, government, and nonprofits in collaboration.

Through this joint effort, our community can prepare students with the workforce skills needed in the future that cannot be automated; develop business-relevant class content; roll out real-life technical projects in classrooms; re-train workers; and offer apprenticeships, internships, and work-based learning alongside education or as standalone, all of which can help workers gain skills.

Learn more by reading the Boulder Economic Council and Boulder Chamber’s recently published “Boulder Innovation Venture Report” at: https://bouldereconomiccouncil.org/whats_new_with_the_bec/boulder-innovation-venture-report/

Posted by Tom Kalinski Founder RE/MAX of Boulder on Wednesday, June 20th, 2018 at 11:25am.
Posted on June 21, 2018 at 5:38 pm
Jay Kalinski | Category: RE/MAX of Boulder | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Boulder Selected Finalist in Bloomberg Mayors Challenge

Boulder is readying to change the paradigm of transportation mobility as a result of being named one of 35 Champion Cities selected as finalists in the 2018 U.S. Mayors Challenge. The competition is based on city leaders proposing bold solutions to each city’s toughest problems.

Three Colorado cities – Boulder, Denver and Fort Collins – were selected from a pool of more than 320 applicants. Selected cities now begin a six-month testing phase supported by a grant award of up to $100,000 for each to conduct a public prototype.

In Boulder’s application, the city proposed to combat climate change through accessible and affordable transportation alternatives for low- and middle-income residents.  City officials will conduct experiments on mobility options – including ridesharing, subsidies, and an electric car loan program – to determine the most effective way to improve low-income residents’ mobility.

Currently, more than half of Boulder’s low- and middle-income residents depend on fossil-fuel, single-occupancy vehicles.

Denver will use cutting-edge air pollution sensors to create a city-wide air quality monitoring program at public school buildings to make better informed decisions on policies. The city aims to address the negative economic and health impact of air pollution. Denver families spend an average $3,100 a year on asthma-related medical costs.

Fort Collins will make more energy efficient rental housing for low and middle-income households to reduce health and economic disparities. Nearly 50,000 Fort Collins households are energy-inefficient.

“We received hundreds of bold and creative ideas from cities around the country in response to the 2018 Mayors Challenge, and these 35 really stood out for their potential to improve people’s lives. The next six months are a great opportunity for the cities to test their ideas and make them even more innovative and effective,” said Michael R. Bloomberg, founder of Bloomberg Philanthropies and three-term Mayor of New York City.

During the six-month “Test, Learn, and Adapt” phase of the competition, Boulder and the other Champion Cities will refine their ideas, and then submit new applications in August. In October, five selected cities will be awarded funding to put their ideas into action – four will receive $1 million and one will receive $5 million.

Bloomberg Philanthropies works in over 120 countries around the world to ensure better, longer lives for the greatest number of people.  In 2016, Bloomberg Philanthropies distributed $600 million.

For more information and a list of all 35 Champion Cities, visit mayorschallenge.bloomberg.org

Posted by Tom Kalinski Founder RE/MAX of Boulder on Monday, March 19th, 2018 at 9:37am.

Posted on March 22, 2018 at 4:35 pm
Jay Kalinski | Category: RE/MAX of Boulder | Tagged , , , , , , , , , , , , , , , ,