Home » Many jobs summit ideas for wages don’t make sense – upskilling does

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Many jobs summit ideas for wages don’t make sense – upskilling does

Upskilling Salary Hike

Over the last ten years, real inflation-adjusted wages have barely increased by 0.1% annually, significantly decreasing in the past year. The claim makes the case that technological advancement and globalisation have eliminated routine intermediate jobs, lowering wages in these fields. To improve the labour market’s flexibility to adopt new technology, measures to boost wage growth should include retraining. As the workforce upskills, wages will rise when workers transition to higher-paying positions where labour is scarce. Read more

Published on: August 24, 2022

Source: The Conversation

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Romina Gopalan is a top-notch upskilling advisor & content writer. Her areas of expertise include Digital Marketing, Data Sciences, IoT, RPA, and UX/UI writing. Her sharp research and writing skills allow her to identify futuristic opportunities. Thus, helping you understand how you can leverage expertise in any domain.

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