Business Journal: Skilled Worker Shortage
California is facing a severe shortage of skilled workers, according to a new study by the Public Policy Institute of California.
Wednesday, May 23, 2007
Come spring, a new crop of seniors earn a degree and head into the work force … and out of state, too often. California actually runs a net deficit with new graduates, who are the skilled workers of the future. 9,000 more of them leave the state than move here from elsewhere. Facing retirements, and the limits on skilled immigrants from other countries, the state’s employers see a grim picture. An additional 160,000 college graduates are needed every year, for the next two decades, to sustain California’s abundance of companies that need skilled people.