The president recently announced a plan to make two years of community college and technical school free to responsible students, which underscores a serious problem that not only affects unemployed youth, but small business owners, as well.
Despite the fact that more than five years have passed since the end of the Great Recession, six million young Americans are unemployed — a staggering number that negatively affects economic demand and hurts small businesses. At the same time, small employers are struggling to fill job vacancies. In fact, some 40 percent of American employers cite lack of skills as the No. 1 reason for entry-level vacancies. What’s more, Small Business Majority polled a random sample of small business owners across the country and found a majority of small businesses are hiring but struggle to find qualified workers. Continue reading