Economic Divide and Workforce Evolution
Insights from Today's Business Services Committee Presentation
One of the most rewarding aspects of my work is being invited to share economic insights with business leaders and our community. Today, I presented to the Workforce Investment Board's Business Services Committee. My discussion highlighted several critical economic trends that affect everyone.
Key Discussion Topics:
The reality of our current economy is complex and concerning. We're witnessing a divergence into two distinct economic realities: one serving those with access to capital, resources, and networks, while the other lacks opportunities and, crucially, hope for the future. While traditional economic indicators suggest strength, this division raises serious concerns about the sustainability of our economic system. Capitalism fundamentally relies on hope and trust to drive motivation and growth.
The widening gaps in relative income and wealth have become increasingly significant, demanding our attention and action. Additionally, we're observing a concerning trend I call "The Great Stay" - a declining willingness among workers to relocate for better opportunities, potentially signaling a broader reduction in career ambition.
Access to My Presentation
Upcoming Events - Join Me:
7th Annual Workforce Best Practices Symposium: "Adapting & Thriving" Date: March 12
Join us as we explore how the rapidly evolving nature of work brings both challenges and opportunities. I'll be delivering the keynote address, focusing on innovative pipeline development programs and adaptive workplace cultures.
Leading with Authenticity: Leadership Symposium Date: March 14th
This transformative one-day symposium will equip working professionals with practical tools for authentic leadership. Together, we'll explore how your unique strengths, values, and passions can enhance your leadership effectiveness through interactive plenary and concurrent sessions.
As an economist, I'm deeply committed to understanding and addressing the economic challenges we face. If you'd like me to share these insights with your organization or group, please don't hesitate to reach out.
Looking forward to seeing you at these events and continuing our important discussions about economic opportunity and growth in our region.
Learn More About NKYWIB
The Northern Kentucky Workforce Investment Board (NKWIB) drives policy, direction, and funding oversight for the local workforce investment system. The NKWIB drives innovative workforce development that meets the changing needs of employers and our labor force, resulting in the enhancement of economic development for our region.
As a 501 (c) (3) non-profit organization, the NKWIB is responsible for the following:
Management of the local Kentucky Career Center efforts, including the selection of the one stop operator and direct service providers (adult/dislocated worker and youth)
Selection of youth workforce investment activities
Identification of eligible providers of training services
Maintenance of a performance driven system for documenting accomplishment of standards
Oversight of budget status, audits, contract status
The Northern Kentucky Workforce Investment Board (NKWIB) is a unique partnership between public and private sectors. With at least 51% of its membership from the business sector, the NKWIB drives the policy, direction and funding oversight for the local workforce investment system. This system promotes workforce readiness, education, and economic development. We assist employers of all kinds and workers at all education and skill levels. We primarily deliver our services through the six Kentucky Career Centers located in eight counties. We direct delivery of services through a sector approach which had identified the following industries as key to the economic health of Northern Kentucky:
Advanced Manufacturing
Healthcare
Transportation and Logistics
IT / Business and Finance
Construction and Trades