Obama to Announce Strategy to Increase higher Wage Tech Jobs

The main focus of President Barack Obama is on high-tech jobs in his proposal to make progress on stagnant wages in this country. Obama has got commitments from over 300 employers as well as local governments in 20 regions of the country to train and hire high technology workers in an attempt to drive up higher-income employment.

As per the people familiar with the program inside and outside the White House, Obama will unveil the program, called TechHire, on Monday, during a speech to the National League of Cities,

The initiative is planned for making US workers prepared for a growing number of technology jobs. According to the White House, out of the 5 million jobs that are available today, more than half a million belong to fields such as software development, network administration, and cyber security.

Obama's attention towards technology came after the unemployment rate showed a drop but wages still remained flat.

In February, the unemployment rate declined to 5.5% but the average hourly earnings climbed just 3 cents to $24.78 from January. Increase in the wages has become one of the biggest challenges faced by the current economic recovery.

White House Deputy Press Secretary Jennifer Friedman said, "Helping more Americans train and connect to these jobs is a key element of the President's middle-class economics agenda".

The White House revealed that the workers with high-tech skills will get 50% higher average salary in comparison to the average private-sector American job.

The administration plan is for universities and community colleges, not only to provide training, but to also rely on high-tech educational academies.

Some of these academies have already entered into arrangements with cities to train workers within months and then help place them in jobs.