skill mismatch

Why Does Skill Mismatch Occur?

There are several reasons for skill mismatch:
Technological Advancements: Rapid changes in technology often outpace the skills of the current workforce, leading to a gap.
Education System: Sometimes, educational institutions do not update their curriculum to reflect current industry needs.
Economic Shifts: Changes in the economy, such as the growth of new industries and the decline of others, can create mismatches.
Lack of Training: Insufficient training programs and opportunities for skill development can exacerbate the problem.

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