Many workers depending on 401(k) retirement accounts may face a bleak future, according to a new report  by the Government Accountability Office (GAO). According to GAO projections, 401(k) plans will replace only about 22% of career earnings, with 37% of workers reaching retirement with zero plan savings.
In Lifelong Learning: New Strategies for the Education of Working Adults , the Center for American Progress emphasizes that with an aging population, the United States need to focus on policies to help adults already in the labor force increase their educational attainments. The report recommends incentives for employers to help finance skill training, strengthen educational tax incentives for individuals themselves, encourage more flexible programs aimed at working adults at postsecondary institutions, better use of technology to encourage English-language proficiency, and market these programs to adults needing the help.
Today, the Bell Policy Center is releasing an issue brief on labor management partnerships  benefit both the public and private sectors, highlighting case studies on how to make them work. The brief includes recommendations for the Colorado state government in implementing such a partnership with state employees following Gov. Bill Ritter's November 2nd executive order allowing such partnerships.
Since 2001, the United States have lost nearly 3 million manufacturing jobs, with job losses concentrated in the Midwest and East Coast, according to a brief  by the Economic Policy Institute.