Here’s why training is crucial to drive the post-COVID recovery via wef
The pandemic has been a human tragedy, and the measures taken to tackle it have had a devastating impact on economies, disrupting the livelihoods of millions of people. It has exposed structural weaknesses in institutions and economies and has widened inequalities. People who were already disadvantaged have been hit particularly hard.
As you’ll see in our new report – Upskilling for Shared Prosperity – published as part of Davos Agenda Week to mark the first anniversary of the World Economic Forum’s Reskilling Revolution Platform, there’s a clear social and economic case for upskilling. If we commit to giving all people opportunities to build the skills they will need to fully participate in the future workplace, it will, in turn, lead to a prosperity dividend.
Sectors that have suffered from low-wage growth and output for decades could reap significant benefits from upskilling. Health and social care could add $380 billion additional GDP through upskilling by 2030. We know what we need from businesses, policymakers, and educators, and we have examples of successful collaborations that can be replicated and scaled. We know that, together, we can think boldly, beyond the boundaries of today, to reimagine our economic and social systems.
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