Big Take9 Maalis 2023

Why Employers Will Soon Be Fighting Each Other To Hire You

The future of US competitiveness is taking shape in a field in Licking County, Ohio. It’s the site of a new Intel semiconductor plant, part of the Biden administration’s effort to bring manufacturing jobs back to the US, with a focus on high tech products like semiconductors.

But those ambitious plans have exposed a looming problem: The number of skilled workers needed to build factories and fill those jobs is shrinking. It’s a demographic reality that will only become more acute in the decades to come.

Bloomberg senior economics writer Shawn Donnan joins this episode to explain why America’s workforce is shrinking, and what a labor shortage now means for the nation’s manufacturing future. And Gabriela Cruz Thompson of Intel Labs talks about how a big company like hers plans to recruit workers in an increasingly competitive job market.

Read the story: https://bloom.bg/3J0Z9KV

Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK

Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.

This podcast is produced by the Big Take Podcast team: Supervising Producer: Vicki Vergolina, Senior Producer: Kathryn Fink, Producers: Mo Barrow, Rebecca Chaisson, Michael Falero and Federica Romaniello, Associate Producers: Sam Gebauer and Zaynab Siddiqui. Sound Design/Engineers: Raphael Amsili and Gilda Garcia.

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