We may soon face a future where AI Agents handle the bulk of low-skilled, entry-level work, forcing educators to figure out how to train people to start their careers in the middle of the ladder instead of on the first rung. That’s the conclusion our guest Matt Sigelman is drawing from research on AI conducted by the organization he heads, Burning Glass Institute, a leading labor market analytics firm. “I think there are questions here both for how AI helps people get into work, but also for whether people can move up within it,” he tells Futuro Health CEO Van Ton-Quinlivan. This challenge comes on top of deficiencies Burning Glass has identified in how high schools handle workforce training. “When you look at all the credentials students are earning in high school today, only about 18% are actually in demand and lead to high mobility jobs.” Those roles, which Sigelman calls “launchpad jobs” have helped two million workers in the US without degrees earn six figure salaries. Conversely, Burning Glass research shows if you pick the wrong type of job at the start of your career, it can lead to poverty by age forty. In his encore appearance on WorkforceRx, this pioneer in real-time labor market data shares other research on career mobility in the US and abroad, provides an update on the movement to increase skills-based hiring, and reveals what he thinks are the new “power skills” of the 21st century workforce. Don’t miss this wide-ranging and revealing conversation.
Continue readingMatt Sigelman, President of The Burning Glass Institute: Connecting Skills to Opportunity
“One of the things we’ve found is that the average U.S. job has seen 37% of its skills replaced in just the last five years,” says Matt Sigelman, one of the country’s leading labor market experts. That blistering pace of change begs the question of how workers and employers are going to acquire new skills on a such a rapid and continuing basis. That’s exactly the type of challenge Sigelman and his colleagues tackle at The Burning Glass Institute, a nonprofit research center that explores data for fresh insights and tools employers, workers, educators and policymakers can use to build mobility, opportunity and equity. One such tool is a brand-new Skills Compass developed with Coursera which enables multi-dimensional evaluation of the emerging skills that will yield the most value. But Sigelman cautions against focusing just on of-the-moment-skills in favor of a more balanced approach. “You need timely skills to get on the career ladder, but you’re going to need timeless skills like critical thinking and collaboration to rise.” Join WorkforceRx host and Futuro Health CEO Van Ton-Quinlivan for a super informative scan of these and other key questions confronting the labor economy such as skills-based hiring, career mobility and the implications of increasingly powerful chat bots.
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