Millennials More Upbeat on Manufacturing's Future
Increased optimism and changing perceptions about the industry could help turn the tide on a nationwide skills shortage
MAPLE PLAIN, Minn.--(BUSINESS WIRE)--A more optimistic outlook among millennials about the future of manufacturing could bode well for an industry that is contending with an ongoing skills shortage.
Nearly half of U.S. millennials (47 percent) think there will be enough qualified professionals to fill manufacturing job demands in the next 10 years, according to a survey by digital manufacturer Proto Labs. Thats a marked increase from the only 35 percent of Generation Xers and baby boomers who think the jobs demand will be met.
The rosier outlook may be linked to millennials' changing perceptions of manufacturing. According to the survey, 37 percent of millennials see manufacturing as a high-tech career choice - notably higher than both Generation Xers (27 percent) and baby boomers (23 percent). Also, 49 percent of millennials believe engineering is a needed skill in todays manufacturing sector, compared with only 41 percent of baby boomers.
Digital manufacturing has paved the way for a larger breadth of opportunities in addition to the plant floor roles solely and traditionally associated with the industry. Today, top manufacturers must fill a range of skilled positions—from mold techs, to applications engineers, to software developers. The digitalization of the industry has transformed yesterdays manual nature of manufacturing to the high-tech environment it is today. It is increasingly important for the manufacturing industry to continue shifting its outdated public image, as, in the next decade, it is estimated that 2 million out of the 3.5 million manufacturing jobs will go unfilled due to talent shortages (Deloitte).
"I expected to begin my career at what you might consider a traditional technology company, like Facebook, Amazon or Uber," said Andrew Crocker, a 25-year-old software developer at Proto Labs who joined the company straight out of college. "Manufacturing wasnt necessarily on my radar. But digital manufacturing has changed everything. Its created a high demand for skills like mine, and its provided me a great career opportunity."
Millennials Also More Optimistic on Manufacturing Salaries
The financial benefit of a career in manufacturing is another perception thats changing among young people. According to the survey, 40 percent of millennial respondents think a career in todays manufacturing industry is high-paying, compared with only 26 percent of Generation Xers. Indeed, the average U.S. manufacturing worker makes more than $70,000 a year, according to the Society of Manufacturing Engineers.
"Digital manufacturing is revitalizing our industry and is igniting new opportunities," said Vicki Holt, president and CEO for Proto Labs. "The skills gap presents a critical roadblock for all of us. But its encouraging to see a renewed optimism from a new generation of workers, and to hear that they understand this isnt their grandparents manufacturing industry. Much work remains ahead of us, but this is a good start."
About the survey
The public-opinion online poll was commissioned by Proto Labs and conducted by ORC Internationals CARVAN® Geographic Omnibus in September 2016. It consisted of a sample of 1,023 adults comprising 512 men and 511 women, 18 years of age and older. The margin of error is +/- 3.1 percentage points for the full sample.
About Proto Labs
Proto Labs is the world's fastest digital manufacturing source for custom prototypes and low-volume production parts. The technology-enabled company uses advanced 3D printing, CNC machining and injection molding technologies to produce parts within days. The result is an unprecedented speed-to-market value for designers and engineers and an on-demand resource throughout a products life cycle. Visit protolabs.com for more information.
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