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Is there significant potential for apprenticeships in the US market?

November 21, 2023

Nearly 128 million U.S. workers — about 70% of the entire US workforce — could stand to benefit from apprenticeships and on-the-job learning opportunities, opening up a key cohort of trained workers for employers, according to a Nov. 13 report by Multiverse and the Burning Glass Institute.

Apprenticeships still remain outside the mainstream in the U.S., the report said, but a U.S. workforce that would follow the U.K.’s “mature apprenticeship” system could host over 830,000 new apprenticeship opportunities per year, leading to $28.5 billion in wage increases.

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