Education
Quality education is essential to a skilled and competitive workforce. Access to education, coupled with reliable, quality childcare is key for improving economic opportunities for all Americans.
Our education system is failing many students as shown by data that reveals two-thirds of our fourth and eighth graders are unable to read or do math at their grade level. And the United States ranks below a number of other countries in reading and math proficiency. Recognizing the importance of childcare as a key component of the education system is crucial to addressing the current challenges and ensuring that every child has the support they need to thrive.
- 6th in ReadingGlobal Ranking for U.S. Students
- 10th in ScienceGlobal Ranking for U.S. Students
- 26th in MathGlobal Ranking for U.S. Students
Introducing Commerce Meets Classroom, a new series from our K-12 education Senior Manager, Kyle Butler, featuring the business perspective on pressing education issues.
Stories of Education and Workforce in Action
Across our nation’s talent pipeline, we explore the stories of employers investing in the workforce of today and tomorrow to close the skills gap.
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Building on the work of other states, we partnered with the business communities in Idaho, Iowa, Mississippi, and Pennsylvania and their early education partners to understand just how much breakdowns in childcare cost each state. In this study we looked at the causes of childcare challenges as well as motivations behind why parents select various childcare providers. Knowing many employers want to facilitate more access to childcare but do not know where to begin, we sought to learn what types of childcare benefits working parents desire most from employers.
The U.S. Chamber of Commerce Foundation today released a report examining the impact of childcare issues on Idaho’s state economy. The study found that Idaho loses an estimated $479 million annually for the state’s economy. This number includes an estimated $65 million annual loss in tax revenue as well as an estimated annual loss to Idaho’s employers of $414 million on absences and employee turnover as a result of childcare breakdowns.
The U.S. Chamber of Commerce Foundation today released a report examining the impact of childcare issues on Mississippi’s state economy. The study found that Mississippi loses an estimated $673 million annually for the state’s economy. This number includes an estimated $120 million annual loss in tax revenue as well as an estimated annual loss to Mississippi employers of $553 million on absences and employee turnover as a result of childcare breakdowns.
The U.S. Chamber of Commerce Foundation today released a report examining the impact of childcare issues on Iowa’s state economy. The study found that Iowa loses an estimated $935 million annually for the state’s economy. This number includes an estimated $153 million annual loss in tax revenue as well as an estimated annual loss to Iowa’s employers of $781 million on absences and employee turnover as a result of childcare breakdowns.
Nancy Lee Sánchez, Executive Director of the Kaplan Educational Foundation, recently examined the important purpose community colleges serve in the future of workforce development. A key point made is “community colleges are defined differently by those who enroll in them”, in other words, people view community colleges as a pathway towards different goals.
A two-generation approach is needed to ensure today’s workforce can make productive contributions now, while tomorrow’s workforce is prepared and positioned to take on what the future holds. America’s need for high-quality, affordable childcare is so great, it will take efforts by all of us to make the system work. Child Care Aware® of America discusses the grassroots effort of CCR&Rs.
In my earliest of memories, my interests always revolved around science in one way or another, even if I was too young to understand the science that was behind them.
In today’s labor market, long-term talent strategies are often over-shadowed by the critical short-term needs of today and tomorrow. While immediate hiring needs are often the most pressing issues for HR departments, strategies like TPM can help businesses solve these common pain points—such as unfilled job openings, exorbitant training and onboarding costs, and attrition—and talent gaps collaboratively.
The Missoula Area Chamber of Commerce was uniquely positioned to coordinate and lead a cross-sector collaboration to measure and begin to solve the childcare challenges in their region.
As a business leader, you’ve noticed it is becoming more and more difficult to hire and retain qualified workers. You’ve likely even considered the longer-term scenarios – will it be even more challenging to secure a reliable and productive workforce 5 or 10 or even 20 years from now?
