Workforce quality key to Upstate's future
In a tour of the Upstate, Jeffrey Lacker, the chair of the Richmond district of the Federal Reserve, made a number of visits and speaking appearances. In talking with the Greenville News, he praised the progress that had been made in shifting the Upstate's economy away from its traditional textile base:
While he pointed out a number of strong assets, such as the heavy presence of the automotive industry and Clemson's ICAR facility, he also warned that such benefits would not last unless the Upstate addresses critical shortages in skilled labor:
It was a pretty good story, and we think you need to read the rest of it to see what Mr. Lacker had to say.
It's been tremendous progress that's been made, and there's some vibrancy here to offset some of the really devastating losses that occurred earlier in this decade and late in the '90s in the textile industry.
While he pointed out a number of strong assets, such as the heavy presence of the automotive industry and Clemson's ICAR facility, he also warned that such benefits would not last unless the Upstate addresses critical shortages in skilled labor:
"The big challenge is going to be the work force, and enough skilled workers, enough high school grads, enough people with two- and four-year degrees to meet the needs of the developing industry
It was a pretty good story, and we think you need to read the rest of it to see what Mr. Lacker had to say.
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