But, as I mentioned earlier, it will be particularly important in the next two decades, as labour force growth in Canada slows. This system of incentives must benefit both workers and firms. If companies don’t see the payoff from training and skills development for their workers, they won’t make the investments.
If workers don’t see what’s in it for them, they won’t devote the time and energy to improve their skills. The first step to improving skills is to build an excellent infrastructure for early childhood development, feeding into a school system that effectively teaches basic skills.