- President Trump was recently challenged by Marc Benioff, CEO of Salesforce, to create 5 million apprenticeships in the next 5 years, to which he responded, “Let’s go for that 5 million.” Later, Trump met with German Chancellor Angela Merkel, and in conversation was impressed with the high success rate of Germany’s apprenticeships, Inc. reports.
- The United States currently falls behind other countries in terms of college graduation rates. Apprenticeships could provide the means for more young people to earn gainful employment in a variety of careers.
- While no bill has been submitted to Congress as of this briefing, apprenticeships have so far been viewed positively by the current administration.
Interest in apprenticeships has been building in the U.S. for some time. Not only are they cost-effective, but they help young people get recruited and trained quickly on new jobs fast. Apprenticeships provide a solid ROI for white collar jobs as well as blue collar jobs.
Currently, the laws around apprenticeships and internships act as a potential barrier. DOL secretary nominee Alexander Acosta expressed support for the DOL creating programs to encourage apprenticeships, noting that ROI generally is strong on such programs.