Sunday, 27 June 2010

Youth need human capital

The financial crisis has taught us that the concept of a skill for life does not translate into a job for life anymore. The scale of the crisis means that our children will be paying for the financial damage done when they reach adulthood. It is entirely logical that people under the age of 30 ought to be investing in a skills (plural) set that will equip them to meet the changing demands of the workplace environment. Companies are having to face fluid competition resulting from globalisation and the emerging economics of the world and will need a workforce that can adapt quickly, efficiently and easily. The educational establishments face a greater role than they ever did in teaching and imparting these skills to students. It has to be a joined up effort. Parents have to take responsibility too especially in ensuring that youngsters have sufficient life skills to cope with the challenge of becoming multi-skilled. Traits such as being organised and being emotionally resillient enough to cope with a changing world can only be taught at home.
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