Video: Fixing America’s Talent Supply Chain

America’s labor market has entered a “new normal” phrase. Although the unemployment rate has declined after the Great Recession, underemployment remains a major problem and the percentage of workers stuck in part-time jobs is well above historical norms. Yet, at the same time, employers are posting a record number of positions. Professor Joseph Fuller suggests that resolving this paradox will require education institutions and employers to adopt a new approach to skills training.
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Growth & Shared Prosperity

By: Karen G. Mills with contributions from Joseph B. Fuller and Jan W. Rivkin
In June 2015, nearly 75 experienced leaders from across business, government, labor, academia, and media gathered at Harvard Business School to discuss a topic of increasing concern in America: How can our nation continue to remain competitive while also providing a path to prosperity for more citizens? This report highlights the group’s deliberations and summarizes the HBS research that was presented during the convening.
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The Challenge of Shared Prosperity

The 2015 HBS survey on U.S. competitiveness reveals that business leaders are concerned about the economy’s ability to generate shared prosperity. America’s business environment is improving, but alumni doubt that firms in the U.S. will be able to improve living standards for the average American. Alumni see issues like inequality, middle-class stagnation, and economic immobility, as social as well as business challenges.

Managing the Talent Pipeline: A New Approach to Closing the Skills Gap

By: Jason A. Tyszko, Robert G. Sheets, and Joseph B. Fuller
The U.S. Chamber of Commerce Foundation recommends a new demand-driven approach—talent pipeline management—to close the skills gap. Extending lessons learned from innovations in supply chain management, this paper calls for employers to play a new and expanded leadership role as “end-customers” of education and workforce partnerships.
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Bridge the Gap: Rebuilding America's Middle Skills

The market for middle-skills jobs—those that require more education and training than a high school diploma but less than a four-year college degree—is consistently failing to clear. That failure is inflicting a grievous cost on the competitiveness of American firms and on the standard of living of American workers. How can business lead the charge to close the gap?
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An Economy Doing Half Its Job

Re: Michael E. Porter and Jan W. Rivkin, with contributions from Joseph B. Fuller, Allen S. Grossman, Rosabeth Moss Kanter, and Kevin W. Sharer
This report presents the findings of HBS' 2013–14 survey on U.S. competitiveness. It highlights a troubling divergence in the U.S. economy: large and midsize firms are prospering, but middle- and working-class citizens and small businesses are struggling.

The State of Small Business Lending: Credit Access During the Recovery and How Technology May Change the Game

By: Karen G. Mills and Brayden McCarthy
Is there a credit gap in small business lending?
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Special Report: Restoring U.S. Competitiveness

Some of the world’s most original thinkers explain the competitiveness challenge America faces and point the way forward.

Why U.S. Competitiveness Matters to All of Us

The world is interdependent, and the U.S. economy is still too large for anyone to profit from a rapid decline in its well-being.