Latvia has undergone major economic and social change since the early 1990s. Despite an exceptionally deep recession following the global financial crisis, impressive economic growth over the past two decades has narrowed income and productivity gaps relative to comparator countries in the OECD. But Latvians report low degrees of life satisfaction, very large numbers of Latvians have left the country, and growth has not been inclusive. A volatile economy and very large income disparities create pressing needs for more effective social and labour-market policies. The government’s reform programme rightly acknowledges inequality as a key challenge. However, without sustained policy efforts and adequate resources, there is a risk that productivity and income growth could remain below potential and social cohesion could be further weakened by high or rising inequality.
Today the OECD is launching a new project with JP Morgan and Chase Foundation to measure and analyse skills needs in a harmonized way across countries. Experts from various countries and fields of discipline are meeting at the OECD to discuss methodological issues involved in developing a cross-country indicator of skill needs. By informing policy, this new data tool will make strides towards addressing skill shortages.
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The Organisation for Economic Cooperation and Development (OECD) and J.P. Morgan through its Foundation today launched a new project “Adapting to Changing Skills Needs” to fill knowledge gaps in the assessment of skill mismatches and to identify international best practice in addressing them.
A discussion on how can we reconcile the apparently contradicting views of labour market demand for soft skills versus technical job-specific skills.
Openness to change and a continuous questioning of the way we work are the keys to being prepared for the Future of Work. This advice comes from Mark Keese, Head of the Employment Analysis and Policy Division at the OECD, and we catch up with Mark following the OECD's Future of Work Forum in January 2016.
Discussion on how technology helps measuring skills shortages in real time
Regional disparities in the supply and demand of skills do exists in many OECD countries. Local level actors need to be equipped with the right tools and capacities to develop innovative employment and job creation strategies tailored to their local conditions.
Average wages can vary markedly between socio-economic groups (gender, native- and foreign-born; high-skilled and low-skilled parents; workers of different ethnicities; age). These differences between groups of workers contribute to high overall wage inequality.
Latvia faces a huge demographic challenge. Since restoration of its independence in 1991, the country lost more than a quarter of its resident population.The report "Investing in Youth: Latvia" states that investing in youth, by upgrading skills and promoting employment, is a priority if Latvia wants to offer its young people a positive outlook and address the demographic challenge.
Investing in Youth in Tunisia most important than ever, and the still relevance of the last Investing in Youth review 2014.