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Forget free college. The future of the US workforce depends on a higher education worth paying for

Source | | Sylvain Kalache

Discussions on the future of work tend to be aspirational — workers can live where they want, work how they want, for whom and when they want. The benefit of this new collaborative but disparate workforce for companies is that they gain the ability to scale business quickly with just the right talent, filling specific niches. It’s a win-win. Workers are happy, and companies get what they need … in theory.

Unfortunately, talent shortages have become the top emerging risk organizations face, with large companies struggling to fill technology positions, revealed a recent Gartner survey. Approximately 918,000 unfilled IT jobs were listed in the U.S. over the last three months alone, as tech job postings continue to rise. By 2030 the global demand for skilled workers will exceed supply by more than 85.2 million workers. This translates to $1.748 trillion in lost revenue for U.S. companies, or roughly 6% of the economy, according to global organizational consulting firm Korn Ferry.

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