Wednesday, April 7, 2021

America’s Depleted Industrial Base Is a National Security Crisis - Bloomberg

America’s Depleted Industrial Base Is a National Security Crisis - Bloomberg

 Initiatives like the Trusted Capital program, which connects investors with companies developing new military technologies, should be expanded. Finally, the Federal Trade Commission and the Justice Department should increase scrutiny of defense-industry mergers and acquisitions to limit excessive consolidation.

 

A well-functioning supply chain depends on a diverse array of private-sector companies. The viability of those companies, in turn, depends on a sufficient supply of skilled labor. Upgrading the skills of both service members and the civilian workforce that supports the military is critical. The Pentagon should expand digital training for current employees and offer promotions and higher pay to civilian staff with advanced technical skills. Congress should boost funding for the department’s Skills Imperative initiative, which brings together schools and employers to address defense-industry workforce needs. It should also encourage apprenticeship programs in key sectors, such as shipbuilding, that lack qualified workers.

 


No comments:

Post a Comment