As outlined on Andreessen Horowitz (last access date April 12, 2023):
“It’s no secret that widespread labor shortages are critically impacting the United States. In construction, companies can’t replace retiring workers fast enough and have started offering housing per-diems to attract workers. In education, states are recruiting candidates without teaching experience to fill open teaching roles. We can see similar shortages — and extreme employer responses — in nursing, transportation, trucking, and other industries…
…These long-term trends are why it is critical to build solutions for the development of the American workforce now. Building American Dynamism requires a robust labor force to do the building. As we’ve said before, we believe startups are core to solving critical problems for the country; as such, we outline here three different models for how startups can directly and indirectly tackle our workforce crises.
Oliver Hsu
One method for building American Dynamism, includes new education programs – of which UpSmith is featured.
The second model of workforce development company focuses on creating new supply of a particular profession or trade. These companies can be education or education-financing businesses, as these are the primary means by which companies can increase their workforces. The approaches these companies take to training, upskilling, or reskilling vary, as do their relationships with employers, who are often key stakeholders in these programs. [One approach]… to creating new labor supply is bringing the employer directly into the education and education financing process. UpSmith does this by enabling employers to sponsor the training of sourced and vetted job candidates in the skilled trades.
Oliver Hsu
Read the full article at a16z.com
