Without a better understanding of the skills mismatches holding back local economies, devolution will not make much difference
Without a better understanding of the skills mismatches holding back local economies, devolution will not make much difference
Continue reading “Are there too many hairdressers and not enough bricklayers? “
Writing for CityMetric, Alastair Reed argues that England’s incoming metro mayors could tilt local training systems towards the skills most in demand
Writing for CityMetric, senior policy researcher Alastair Reed argues that England’s incoming metro mayors could tilt local training systems towards the skills most in demand.
Continue reading “England’s new metro mayors could transform local jobs markets”
The application of new technologies that reshape production inevitably makes the skills of some workers obsolete. Managing the transition into new work should therefore be a key priority for policymakers
Long-run economic growth depends on the application of new technologies that reshape production, adding new kinds of work to the economy. As new work is added to the old work, the skills of some workers are inevitably made obsolete. Throughout history, this process of creative destruction has created enormous wealth, but also undesired disruptions. How places adapt and incorporate new technologies into new work can determine the fortunes of entire cities and nations. Managing the transition into new work should therefore be a key priority for policymakers.
Investing in high-quality education is the key for improving the economic and social well-being of people around the world
Investing in high-quality education is the key for improving the economic and social well-being of people around the world
In today’s world economy, education and skills are the driving forces for progress. Wealth and individual well-being, in turn, depend on nothing more than on what people know and what they can do with what they know. There is no shortcut to equipping people with the right skills and to providing people with the right opportunities to use their skills effectively. And if there’s one lesson the global economy has taught policymakers over the last few years, it’s that we cannot simply bail ourselves out of a crisis, that we cannot solely stimulate ourselves out of a crisis and that we cannot just money print our way out of a crisis. Instead, in today’s world economy, education and skills are the driving forces for progress. Investing in high-quality education will thus be the key for improving the economic and social well-being of people around the world.
Continue reading “Skills formulation must become everybody’s business”
