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| Corporate Responsibility Update
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HOW NONPROFIT ORGANIZATIONS CAN HELP SOLVE THE TALENT PIPELINE
By Jack Kosakowski, the President and Chief Executive Officer of Junior Achievement USA.
According to Forrester Research, 7% of U.S. jobs will be eliminated by automation by 2025. Retail, restaurant and customer service areas are expected to be especially hard hit as self-checking kiosks and AI chatbots become more prevalent. This wave of automation will inevitably sweep away many low-skill positions typically held by those with only a high school diploma or GED. This poses not only a challenge for those individuals who will be affected but for our society as a whole as we endeavor to ensure people have the opportunity to work.
Ironically, there is growing and unmet demand for skills-based jobs that may not require a four-year degree. Read more here.
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JACKSON SUPPORTS JA OUR CITY™ When it comes to money, kids as old as 10 admit they still have a lot to learn.
According to the JA-Jackson Children's Financial Literacy Survey which included 500 children seven to 10 years of age and their parents, 33 percent of the young respondents haven't been taught how to get or earn money, 41 percent haven't been taught how to spend money, and 47 percent have not learned how to give money to help people. When asked why they think people put money in a bank, only 53 percent selected the answer of saving it so they won't spend it. Only 25 percent know you can earn interest on savings. "The message to parents is simple," said Jack E. Kosakowski, president and chief executive officer of Junior Achievement USA. "It's never too early to teach your children the short and long-term rewards of saving and spending money wisely."
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SURVEY HIGHLIGHTS FUTURE OF WORK CONCERNS77 percent of parents are "concerned" about their children's ability to have a successful job or career as adults in light of global competition and automation. The same percentage (77%) of teens said they share similar concerns about having a successful job or career in the future because of global competition and automation. The survey of 1,204 parents of school-aged students and 1,000 teens was conducted by ORC International for JA.
"Education and skills are going to be critical for the next generation's success in an ever-changing workplace," said Jack Kosakowski, CEO of Junior Achievement USA. "Many of the entry-level jobs we know today won't be around in the next decade, and many of the jobs of tomorrow haven't even been conceived of yet. It's important we encourage our young people to explore post-secondary education, whether that be a university, community college, or a technical or trade school. Having some level of technical training is going to be critical for future career success. A high school diploma or GED just won't be enough for many jobs."
In the survey, nearly half (45%) of parents said that they were "extremely or very" concerned about their children's prospects for future employment, while almost as many teens (40%) had the same level of concern.
The survey was conducted in conjunction with the fall rollout of Junior Achievement's work- and career-readiness programs. For more detail on these and other JA programs, visit JA's programs page.
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JA FEATURED ON PBS'S AMERICAN GRADUATE DAY
Junior Achievement student Jakayla Dixon and her JA volunteer Brad Chapman shared the story of her student company "Feel the Color" on PBS's American Graduate Day.
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Junior Achievement USA
1 Education Way, Colorado Springs, CO 80906 | 719.540.8000
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