The 3 percent facing a pay cut is reassuring until you put it next to the time the route takes. MGI's own figures have a legally required credential taking about 32 months for someone with a high school diploma, and the people most likely to need one are the ones with the least savings to cover those months. The wage at the end is fine for most of them. Getting there is where the support from your closing section has to go.
The path can be a serious burden for someone with limited savings. That’s precisely where the support I mention at the end needs to focus: Helping people bridge the transition, not just assuming they will eventually find their way to new jobs.
The 3 percent facing a pay cut is reassuring until you put it next to the time the route takes. MGI's own figures have a legally required credential taking about 32 months for someone with a high school diploma, and the people most likely to need one are the ones with the least savings to cover those months. The wage at the end is fine for most of them. Getting there is where the support from your closing section has to go.
Absolutely.
The path can be a serious burden for someone with limited savings. That’s precisely where the support I mention at the end needs to focus: Helping people bridge the transition, not just assuming they will eventually find their way to new jobs.
📌 Read more about the McKinsey & Company article here.
https://www.mckinsey.com/mgi/our-research/Workforce-in-motion-Skills-and-pathways-to-future-jobs-in-the-United-States