A six-year study\u00a0of the U.S. Department of Labor\u2019s (DOL) American Apprenticeship Initiative (AAI) found that apprentices\u2019 wages increased and employers experienced a positive return on investment. AAI apprentices\u2019 annual earnings grew by 49 percent, on average, from the year prior to starting the apprenticeship to the year after, rising from $35,408 in the year before the program to about $52,876 one year after program exit. Five years after the end of the apprentice\u2019s time in the program, the typical employer experienced an estimated 44.3 percent return on investment.<\/p>\n
The $175 million, five-year grants program, which the DOL launched in 2015, promoted equity by expanding apprenticeships to populations underrepresented in apprenticeships: women, people of color, veterans, and people with disabilities. Most programs lasted less than two years. The study led by global consulting and research firm Abt Associates found that:<\/p>\n
American Apprenticeship Initiative (AAI) apprentices\u2019 annual earnings grew by 49 percent, on average, from the year prior to starting the apprenticeship to the year after.<\/p>\n","protected":false},"author":404,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"cybocfi_hide_featured_image":"","footnotes":""},"categories":[12],"tags":[18],"class_list":{"0":"post-24291","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-magazine","7":"tag-training-today","8":"magazine_issues-march-2023"},"acf":[],"yoast_head":"\n