I am particularly pleased to introduce this session of the Ministerial as boosting investment in human resources is a key pillar of a successful strategy to foster the G20 inclusive growth agenda. The G20 Skills Strategy, in this regard, is a very timely initiative.
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This report presents concise evidence of recent trends in inequality and labour income shares and identifies possible causes as a basis for developing potential policy responses. It pays particular attention to both the overall trends and common patterns in the G20 as well as to the important differentiation across G20 countries.
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This report, on strengthening the link between Growth and Employment, presents a brief update on recent economic and labour market developments in the G20, looks at the relationship between growth and employment, and discusses how to make the feedback positive and stronger.
The OECD very much welcomes the Turkish Presidency’s choice to focus on the three I’s of inclusiveness, implementation, and investment. Within these priorities, employment policies have an important role to play and the OECD is pleased to have contributed to the preparation of your meeting today, including the development of the key policy principles and frameworks.
The combination of work and study has been hailed as crucial to ensure that youth develop the skills required on the labour market so that transitions from school to work are shorter and smoother. As a result, many governments encourage learning on the job, particularly when it comes as part of certified programmes such as vocational education and training pathways (VET) or apprenticeships.
Investing in young people is essential for inclusive and sustainable development, since the way in which youth develop and grow will not only shape the present but will also profoundly determine the future of any country.Timely interventions directed at young people are therefore likely to yield a greater return than attempts to build these capacities later in the life-cycle.
This report provides a detailed diagnosis of the youth labour market and education system in Latvia from an international comparative perspective, and offers tailored recommendations to help improve school-to-work transitions. It also provides an opportunity for other countries to learn from the innovative measures that Latvia has taken to strengthen the skills of youth and their employment outcomes, notably through the implementation of a Youth Guarantee.
Il serait souhaitable que la Lettonie redouble d’efforts afin d’améliorer les possibilités d’emploi des jeunes, en poursuivant la réforme de son système d’enseignement professionnel et en respectant l’engagement, pris dans le cadre de la Garantie pour la jeunesse, de réduire encore le pourcentage de jeunes de moins de 30 ans qui ne sont ni scolarisés, ni actifs ni en formation.
Countries where skills are less equally distributed tend to have higher wage inequality. Putting skills to better use can help reduce wage inequality, by strengthening the links between workers’ skills, productivity and wages.
Human capital is key for economic growth. Not only is it linked to aggregate economic performance but also to each individual’s labour market outcomes. However, a skilled population is not enough to achieve high and inclusive growth, as skills need to be put into productive use at work.