Publication Date: August 14, 2020
Before the COVID-19 crisis, the rise of technology and new ways of working were already disrupting jobs and the skills employees need to do them.
In 2019, the McKinsey Global Institute estimated that almost 40 percent of Americans are in occupational categories that could shrink by 2030. American workers without a college degree are also four times more likely than those with one to lose their jobs due to automation.
The recent pandemic has only exacerbated this shift. As many as 57 million U.S. jobs are at risk because of COVID-19, and the most vulnerable Americans bear the brunt. Millions will need support shifting into new jobs and careers, building on the skills they have—ideally in a way that improves their economic prospects.
To help connect and guide jobseekers to the support they need, McKinsey has joined the Rework America Alliance formed by the Markle Foundation, a non-profit organization focused on finding solutions for economic security and health for all Americans. The Alliance will help millions of workers, regardless of formal education, move into good jobs in the digital economy by accelerating the development of a more effective system of worker training aligned to jobs that employers will need to fill.
By joining this Alliance, we can help create greater visibility for workers into what opportunities exist and how they can pursue them. -Liz Hilton Segel, North America Managing Partner, McKinsey