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Tennessee faces worker shortage

NASHVILLE, Tenn. (NEXSTAR) - There's a troubling flip side to Tennessee's record low unemployment - a worker shortage. State lawmakers are hearing about it from companies and businesses in their districts.

"We desperately need workers in Tennessee, not just in manufacturing and construction, but across the board in hospitality," said Toby Compton with Associated Builders and Contractors.

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Demand for Skilled Labor Creates Opening for EdTech Leaders

Roughly 20.5 million students attended American colleges and universities in the fall of 2016, marking an annual increase of about 5.2 million since 2000. This surge, as reported by the National Center for Education Statistics1, comes alongside seemingly endless escalations of tuition expenses and a mounting student loan debt crisis2, which Forbes notes is now the second-highest consumer debt category. Between 2011-2012 and 2016-2017, published tuition and fee prices rose by roughly nine percent in the public four-year sector and 13 percent at private nonprofit four-year institutions, according to The College Board3. ProBility Media Corp. (OTC: PBYA) (PBYA Profile) is providing an alternative to the expenses of traditional colleges with a selection of career training and advancement programs aimed at capitalizing on rising demand for skilled workers. Along with competitors such as IHS Markit Ltd. (NASDAQ: INFO), TrueBlue, Inc. (NYSE: TBI), GP Strategies Corp.  ... Read the rest of entry »