Maintaining Canada’s competitive position on global markets, keeping employment, income and health inequalities from growing and getting more out of our tax expenditures relies on reducing the size of occupational literacy skill shortages. The associated economic rationale for investment in literacy skill upgrading is compelling – investment would yield impressive returns. Firms investing in literacy skill upgrading will be more productive, more profitable and more competitive. Governments should adopt measures to ensure that firms invest more in literacy skill upgrading. Governments investing in literacy skill upgrading would also realize impressive returns on investment flowing from increased tax revenue and reductions in income support and health expenditures.
The underlying policy analysis was undertaken by DataAngel Policy Research.
Related documentation: The Case for Government Investment in Essential Skills
Related documentation: 12 Questions to Highlight the Importance of Government Action on Essential Skills
Related report: Smarten Up – It’s Time to Build Essential Skills
You can download pdfs of all our documents here: DataAngel | Resources