According to a 2021 study by Deloitte and The Manufacturing Institute (TMI), 4 million manufacturing jobs will likely be needed in the U.S. by the year 2030 — and over half of those are expected to go unfilled due to a lack of workers with desired skillsets. Considering manufacturing is a powerhouse for driving economic growth — manufacturers contributed a record $2.85 trillion at the annual rate to the U.S. economy in the third quarter of 2023; for every $1 spent in this sector, there is a total impact of $2.69 to the overall economy — the impact of those unfilled jobs is significant. Deloitte estimates the cost of missing manufacturing jobs could potentially total $1 trillion in 2030 alone.
Case Study: Welding in the 21st Century