Want employment and wage growth? It’s skills stupid! | Broadbent Institute

skills.training

It is critical to confront what will happen to the Canadian economy and society if governments fail to act on skill shortages. Jobs will continue to move offshore to equally skilled but cheaper markets. Employment levels, wage levels, benefit levels and tax revenue will fall. The level of wage and income inequality will rise sharply as high skilled individuals capture the benefits of their higher productivity in the knowledge economy.

Read Scott’s full blog post here: Want employment and wage growth? It’s skills stupid! | Broadbent Institute

Advertisements

One thought on “Want employment and wage growth? It’s skills stupid! | Broadbent Institute

  1. Very convincing argument backed up with solid research. The importance ofskills is equally relevant to middle- and low-income countries, including on reducing poverty and promoting innovation to overcome middle-income trap.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s