Based upon our analysis, we know that it will take at least 63,000 residents employed in skilled jobs making $36,000/year to move the West Side from poverty to low income. This reflects the work that must be done to reduce poverty at the individual and family level. Over ten years, this work is projected to generate about $1.2 billion in new annual wage income for the West Side.
Advanced Manufacturing Program
Utility Construction Program
West Side residents must be prepared for jobs in the industry areas that are accessible, promise both job growth over the next decade and that pay a median wage that allows them to move out of poverty. Based upon our analysis, these industry areas include:
• Bookkeeping & Accounting Clerks
• Health Technologists & Technicians
• Entrepreneurial Business Start-Ups
• Construction Trade Workers
• Advanced Manufacturing
Utilizing projections about job turn-over and retention, we believe that 116,000 job opportunities will need to be filled by trained and qualifi ed West Side residents in the next decade to produce a steady state increase of 63,000 people employed in skilled jobs. Of these, 27,000 jobs will be for those who are currently unemployed — or newly employed jobs — and 36,000 will be for incumbent workers who upgrade their skills to move from a low wage job to a skilled job making at least $17.32/hour. To accomplish this, 51,500 currently unemployed individuals will need to be trained for and placed in a skilled job while 64,500 incumbent workers will need to be trained for and placed in a skilled job in one of the industry areas identified above or in another industry area with adequate wages and opportunity.