The tangible connections between a country’s economy and its people are tenuous and difficult to pin down, but that doesn’t mean it’s not there. Very often there is a correlation between an educated and literate population and its economy in that it is often better than the economy of a country whose population is less educated or not at all literate. Here is why countries often encourage its population to become as skilled as possible:
The Labour Market is Changing
Gone are the days when an illiterate person can survive as a blue collar labourer. Even a janitor needs to have basic educational qualifications and be able to read and write. In fact, in extremely technologically advanced countries like Japan, many menial jobs are disappearing, only to be replaced by robots while the human population is pushed towards jobs that require knowledge and expertise. Thus, it is not enough for someone to simply do a core trade training course Singapore and then sit back; they will need to improve on their skill set if they are to keep up with the changes in the labour market.
International Standards in Global Transactions
As the world become interconnected, economic unions pose sanctions and other criteria on global trade that affect smaller countries. Some of this involve safety and health regulations to ensure that all service and produce that is imported into their countries are of the highest standard. This is also true of many other fields such as construction, leisure, beauty and other industries. Thus, a company cannot simply launch a large scale construction project without a BCM consultant, to make sure everyone knows the regulations and stay safe. If a country wants to compete in the global market, they need to stick with international standards. Education and further education (also known as continuous development) is what helps workers stay on top of it.
One of the biggest exports of small countries is skilled labour because they do not have enough jobs to satisfy all those who pass out from colleges, training schools and universities. Sometimes this can become ‘brain drain’ but often; skilled workers work abroad and send their money back home to families. They work in the leisure industry, construction industry and in many others. Some will even study on to become qualified in an area that is not yet open to jobs in their country and they will solve that problem by working in a foreign country. Governments encourage their citizens to study because the foreign income they bring in can play a large part in developing the economy.