Upskilling for Shared Prosperity (2021)
This report published by the World Economic Forum, in collaboration with PwC, can be considered as a call to action for wide-scale upskilling. It provides a quantitative analysis of the impact upskilling can have on economic growth. The research is complemented with a qualitative analysis that looks at the need for new economic thinking underpinned by the development of good jobs – work that is safe, paid fairly, reasonably secure and motivating, and that emphasizes the uniquely human skills and traits of workers, thus delivering higher levels of productivity.
The publication highlights certain challenges, such as addressing the disconnect between current education programmes and the skills employers need today and in the future, but also presents upskilling’s advantages, including wider social benefits triggered by the development of specific skills that will prove beneficial for the future success of the global economy.
It offers recommendations for businesses and policy-makers, and shares examples of successful collaborations that can be replicated and expanded.