Trump to Sign Executive Order on Job Training
July 19 2018 - 7:29AM
Dow Jones News
By Vivian Salama
WASHINGTON -- President Donald Trump plans to sign an executive
order on Thursday aimed at spurring new investments for training
current and future American workers to help them secure jobs
domestically.
More than 15 companies and associations will sign a pledge to
educate and train American students and workers as part of a White
House ceremony debuting the initiative.
Among them, International Business Machines Corp., FedEx Corp.
and Lockheed Martin Corp. are expected to take part, as well as
students soon-to-enter the workforce, according to Mr. Trump's
daughter and adviser, Ivanka Trump. As part of their commitment,
those companies will commit to expanding apprenticeships,
increasing on-the-job training, and providing Americans with
opportunities to develop new skills to secure stable jobs.
Ms. Trump said that the aim is to spur hiring by various
employers in a range of industries. "That is good for the American
worker and will lead to wage increases and will lead to enhanced
opportunities. A tight labor market is very good," she told
reporters on Wednesday.
The White House said it expected the "Pledge to America's
Workers" to lead to more than 500,000 new career opportunities for
students and workers.
As part of the executive order, the White House is aiming to
create a National Council for the American Worker, composed of
senior administration officials, who will develop a nationwide
strategy for training workers in industries that have a high
workforce potential. The order also calls for the creation of an
advisory board made up of leaders from the private sector,
educational institutions, philanthropic organizations and state
governments.
Spending on education and training in the U.S. is focused almost
entirely on people younger than 25 years old and in school,
according to a report released this week by Mr. Trump's Council of
Economic Advisers. Relatively little is spent during a person's
working life by employers or the government, potentially leaving
them without the ideal skill set for modern jobs, the paper
said.
The initiative will address the changes that have occurred over
the past few decades to the job market. Nearly one in five working
American is employed in a job that didn't exist in 1980, many of
which are in technology, the fastest-growing segment across all
industries.
Many policy initiatives, including any that make changes to
federal workforce programs, would likely require congressional
action.
Write to Vivian Salama at vivian.salama@wsj.com
(END) Dow Jones Newswires
July 19, 2018 07:14 ET (11:14 GMT)
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