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Skills for Growth: Addressing Educational Inequities and Job Market Demands

In an era of unprecedented opportunities, the value of human capital is more significant than ever. The global, interconnected economy necessitates adaptable learning methods that are available anytime, anywhere. This major research project, funded by the Swedish Innovation Agency and other organizations, investigates the critical skills shortages across all sectors and explores the paradox of overeducation yet pervasive underskilling. It highlights the urgent need to rethink education's quality, efficiency, and relevance to harness the full potential of individuals, businesses, and nations.

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Skills for Growth: Addressing Educational Inequities and Job Market Demands

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  1. Skills for GrowthAn Introduction Nils Karlson, Associate Professor CEO The RATIO Institute www.ratio.se

  2. An age of fantastic opportunities • Human capital more important than perhaps ever before … • Global, interconnected economy … • Learning opportunities increasingly available at any time in any place … to anyone … in new ways … • Skills for growth decisive to create competitive advantages to individuals, businesses, regions and nations ….

  3. A Major Research Project • Funded by Swedish Innovation Agency (Vinnova), The Knowledge foundation, major private organizations etc. www.kompetensfortillvaxt.nu

  4. Steering Committee Johan Blom, Myndigheten för yrkeshögskolan Charlotte Brogren, GD Vinnova Anna Ekström, GD Skolverket Cecilia Fahlberg, Förbundsordförande UnionenAnders Ferbe, Förbundsordförande IF Metall Lars Haikola, GD Universitetskanslersämbetet Peter Jeppsson, VD TransportgruppenTobias Krantz, Svenskt Näringsliv Jonas Milton, VD Almega Clas Olsson, tf GD Arbetsförmedlingen Madelene Sandström, VD KK-stiftelsen Håkan Sörman, VD SKL Åke Svensson, VD Teknikföretagen Nils Karlson, VD Ratio  

  5. The Problem • Major skills shortages in all private sectors, over the entire business cycle • High unemployment, especially among the young, and high welfare dependency • Despite massive investments in education over the last 25 years Something must be fundamentally wrong

  6. Overeducated, but underskilled? or Miseducated and underskilled? or Both?

  7. Swedish PISA results Source: Skolverket

  8. Entrants into higher education 1987-2011 + 151 percent

  9. Average Graduation Age in Higher Education, OECD-countries Source: OECD

  10. Labor Market Matching 1974-2011, among employees Overeducated Matched Undereducated Source: Le Grand, Szulkin, Tibajev & Tåhlin 2013

  11. Correlationhighereducation – gross regional product Source: Eklund, Karlsson, Pettersson 2013

  12. Conclusions • Major problems with quality, efficiency and relevance in the educational systems • Clear tendencies towards over-education and mis-education • Inefficient learning environments and lack of practical skills • Huge opportunities not used ….

  13. RethinkingEducation Culture, norms, institutions! www.kompetensfortillvaxt.nu

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