The United States is facing a talent shortage crisis. JPMorgan Chase pointed out in its latest report that 40% of American adults lack basic digital skills. This report provides new argumentative support for the bank's recently announced $1.5 trillion U.S. investment plan.

JPMorgan Chase's report defines the labor shortage as a national security threat to the United States, not merely an economic issue. It emphasizes that without a talent pipeline, no matter how much capital is invested in key industries such as AI and energy, it will not be able to truly play a role.

Tim Berry, JPMorgan Chase's Global Head of Corporate Responsibility and Mid-Atlantic Region Chairman, stated:

"Today's skills gap is a major national security issue, and the public and private sectors need to work together to drive solutions."

Analysis from the PolicyCenter and the Center for Geopolitics included in the report notes: "The United States can invest money. But without sufficient talent, implementation will be greatly compromised."

In essence, JPMorgan Chase's report is calling on the public and private sectors to prioritize retraining and vocational skills training, especially against the backdrop of AI having reshaped nearly all industries.

Currently, the U.S. federal government is promoting a series of policies aimed at addressing shortages in fields such as energy, manufacturing, and semiconductors. The Biden administration has promoted large-scale industrial construction through the CHIPS and Science Act and the Inflation Reduction Act. The Trump administration, on the other hand, has increased support for traditional manufacturing jobs and encouraged private enterprises to boost domestic infrastructure investment.

However, the report points out that the problem lies in the fact that federal and local policies need to more directly address the core challenge of the "labor force."

At present, the U.S. government has launched several measures, including paid apprenticeships, "earn-while-you-learn" training models, expanding Pell Grants in the labor field to help low-income students receive training.

Numerically, the labor shortage exists in multiple industries crucial to U.S. security and resilience, which are precisely the four major areas covered by JPMorgan Chase's $1.5 trillion investment this time:

Defense: 46% of leaders in America's defense industrial base report difficulties in recruiting, training, and retaining skilled workers.

Semiconductors: The construction of multi-billion-dollar wafer fabs is outpacing companies' ability to hire technical personnel. An additional 3.8 million workers are expected to be needed by 2033, with nearly half of these positions potentially going unfilled.

Energy: Grid modernization and electrification projects have stalled due to a shortage of electricians and linemen, with approximately 200,000 additional workers needed in the short term.

AI: The demand for skills in AI-related jobs is expected to grow twice as fast as overall labor demand.

The conclusion of JPMorgan Chase's report is that the key lies in the labor force itself. The United States can make substantial investments in materials and technology, but without an expandable and adequately skilled labor force, these investments may be forced to stall before they are implemented.

In October this year, JPMorgan Chase announced the launch of an ambitious $1.5 trillion plan aimed at funding the revitalization of America's industrial base over the next decade, targeting core industries crucial to the U.S. economy and national security. The bank's "Security and Resiliency Initiative" plans to focus on four core areas:

Supply chains and advanced manufacturing, defense and aerospace, energy independence, and cutting-edge technologies including artificial intelligence and quantum computing.

The United States is facing a talent shortage crisis. JPMorgan Chase pointed out in its latest report that 40% of American adults lack basic digital skills. This report provides new argumentative support for the bank's recently announced $1.5 trillion U.S. investment plan.

JPMorgan Chase's report defines the labor shortage as a national security threat to the United States, not merely an economic issue. It emphasizes that without a talent pipeline, no matter how much capital is invested in key industries such as AI and energy, it will not be able to truly play a role.

Tim Berry, JPMorgan Chase's Global Head of Corporate Responsibility and Mid-Atlantic Region Chairman, stated:

"Today's skills gap is a major national security issue, and the public and private sectors need to work together to drive solutions."

Analysis from the PolicyCenter and the Center for Geopolitics included in the report notes: "The United States can invest money. But without sufficient talent, implementation will be greatly compromised."

In essence, JPMorgan Chase's report is calling on the public and private sectors to prioritize retraining and vocational skills training, especially against the backdrop of AI having reshaped nearly all industries.

Currently, the U.S. federal government is promoting a series of policies aimed at addressing shortages in fields such as energy, manufacturing, and semiconductors. The Biden administration has promoted large-scale industrial construction through the CHIPS and Science Act and the Inflation Reduction Act. The Trump administration, on the other hand, has increased support for traditional manufacturing jobs and encouraged private enterprises to boost domestic infrastructure investment.

However, the report points out that the problem lies in the fact that federal and local policies need to more directly address the core challenge of the "labor force."

At present, the U.S. government has launched several measures, including paid apprenticeships, "earn-while-you-learn" training models, expanding Pell Grants in the labor field to help low-income students receive training.

Numerically, the labor shortage exists in multiple industries crucial to U.S. security and resilience, which are precisely the four major areas covered by JPMorgan Chase's $1.5 trillion investment this time:

Defense: 46% of leaders in America's defense industrial base report difficulties in recruiting, training, and retaining skilled workers.

Semiconductors: The construction of multi-billion-dollar wafer fabs is outpacing companies' ability to hire technical personnel. An additional 3.8 million workers are expected to be needed by 2033, with nearly half of these positions potentially going unfilled.

Energy: Grid modernization and electrification projects have stalled due to a shortage of electricians and linemen, with approximately 200,000 additional workers needed in the short term.

AI: The demand for skills in AI-related jobs is expected to grow twice as fast as overall labor demand.

The conclusion of JPMorgan Chase's report is that the key lies in the labor force itself. The United States can make substantial investments in materials and technology, but without an expandable and adequately skilled labor force, these investments may be forced to stall before they are implemented.

In October this year, JPMorgan Chase announced the launch of an ambitious $1.5 trillion plan aimed at funding the revitalization of America's industrial base over the next decade, targeting core industries crucial to the U.S. economy and national security. The bank's "Security and Resiliency Initiative" plans to focus on four core areas:

Supply chains and advanced manufacturing, defense and aerospace, energy independence, and cutting-edge technologies including artificial intelligence and quantum computing.