Demand for labor changes over time, so our local labor force has to adjust to stay competitive. Up-to-date labor market information is critical in directing investment in education. There are a number of positions available in Southwest Minnesota for skilled workers, and these positions pay equal or even more than many positions requiring a four-year degree.
Overinvestment in four-year graduates has led to many four-year graduates being underemployed and wrestling with significant school debt. Providing students and parents with the current labor market information is vital to making informed decisions about their future career. Parents and teachers play a critical role in influencing investment in higher education.
This is not only a trend in Southwest Minnesota, but across the region and the nation. Underinvestment in certificate programs and two year degrees has led to this significant labor shortage of skilled workers in our region and across the nation. The infographics below help to summarize general labor market information for the region.