Sec. 2. Findings
195 words·~1 min read·
/bill/117/hr/2645/ih/section-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Congress makes the following findings: In 2014, the United States spent just 0.1 percent of the Nation’s Gross Domestic Product on labor market policies, less than half of what the United States spent on labor market policies 30 years ago. The number of workers receiving federally supported training has declined in the past 3 decades as advances in technology have simultaneously shifted labor market demand over time. Job losses from automation are more likely to impact women, people of color, and workers making less than $40,000 annually.
The COVID–19 pandemic has accelerated trends in automation, with 43 percent of businesses in the World Economic Forum’s Future of Jobs survey indicating they plan to reduce their workforce as a result of technology integration. Strong Federal investment in expanding training services for workers whose jobs may be lost due to automation could prepare the United States workforce to better adapt to changes in the labor market and enter into skilled positions in technologically oriented occupations and industries.
A focus on preparing the workforce of the United States for jobs that utilize advanced technologies could grow wages, increase economic productivity, and boost the competitiveness of the United States.