Although policymakers face difficult decisions, our nation must continue to invest in those skills to maintain our competitiveness in the global economy.
Federal workforce development programs will be deeply impacted by these cuts. Despite federal disinvestments of more than 30 percent since 2001—with more than $1 billion in cuts just since 2010—critical employment and training programs stand to lose billions more under current proposals to reduce the federal deficit. Such cuts are already having an impact: a recent survey of workforce providers found that more than three quarters expected to reduce training as a result of already reduced funding levels, and nearly half believed they would have to cut back on services for employers seeking skilled workers. Workforce programs would be devastated by sequestration.