Obama Will Unveil High-Tech Training Program to Boost Wages

President Barack Obama on Monday unveiled an initiative to connect companies with local governments to train technology workers as part of an effort to deal with wage stagnation.

The program, called TechHire, is designed to provide training and job placement in fields like software development, network administration and cybersecurity, according to the White House. The administration also is planning to provide $100 million in grants to fund new approaches to training low-skilled workers as part of the program.