To inspire other companies to create STEM career pathways for young girls, Abbott has implemented a successful high school STEM internship program and published the key to it, a detailed blueprint, so any company in any STEM industry can recreate the model.
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In this country, the early childhood education system is in market failure. In recent years we have seen the greatest federal funding increases for early childhood education in history, and yet those significant investments just barely make a dent to tackle the need. In 2018, NASEM studied “how to fund early care and education for children…that is accessible, affordable to families, and of high quality, including a well-qualified and adequately supported workforce.” The report concluded that a financial windfall of around $54 billion would be required.
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At this year’s UN General Assembly, the business community came out in force to show their support for refugees in Latin America through action – by announcing over 20 commitments to help Venezuelan refugees at the Tent’s Latin American Business Summit on Refugees.
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The lack of access to affordable, high-quality childcare isn’t just a problem for families. A new report found that it’s costing Washington businesses more than $2 billion per year in employee turnover or missed work, and the total cost to the state economy tops more than $6.5 billion per year.
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We are in an economy that competes on talent. The business community succeeds or fails based on its ability to find and develop a consistent and reliable pipeline of high-quality talent. Thus the business community is very interested in what is taught in our nation’s postsecondary institutions. Rather than an intrusion on postsecondary education’s mission, it is a realization that what postsecondary education does and does not do has a real impact on the success of the business community and the competitiveness of the United States.
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