Thread by @SAH16928046

Skill harvesting is akin to cropping agriproducts.
You till the fertile place, select the seeds, provide exposure to sunlight, start the soil sowing process, apply fertilizers, waters, and other chemicals, wait for the germination to turn into a crop, & start harvesting.

Governments that invest in Human Capital have benefited a lot in terms of socio-economic development.
It is not just about making money to sustain oneself, but, liberating a human being from slavery.
The political dividends reaped from such a policy are immense!
E.g. Singapore.

Compare #Singapore or other SE-Asian Nations with the Energy Rich Nations, which rely on #petrodollars in addition to Natural Gas/LNG Exports, such as the #GCC Nations.
The quality of economic development is completely different, in nations where knowledge capital exists

Academically Qualified and/or Technically Trained Human Resources are an asset that does not depreciate over time like physical assets.
The market value of pedantic human beings increases over time, as individuals turn into didactic professionals and scholars.

People are actually paid to formal educational study in Denmark!
If I am not mistaken government-funded pocket money, of USD$1000 per month, is offered to students, which works as an incentive to continue graduate studies at the university level.
PhDs are also offered stipends

Human Capital turns into Knowledge Capital in leaps and bounds!
It is a painstakingly slow process that works like a continuous improvement framework.
That leads us into distinguishing between basic Human Resource Management and Talent Management.
Skill Formation Cycle kick-off

My Mentor who brought Actuarial Science Profession to my country during the 1950s used to say that you have to give ample time to a basic student to turn into a professional, and later onwards into a specialist scholar.
At least ten years of Applied Industrial Work Experiences.

And retaining students, scholar-practitioners and trained professionals, is the number one challenge that many nations face.
Brain Drain can ruin a nation if its well-educated masses migrate.
That is another economic policy crisis which South Asian Nations have not addressed.

How regrettable it is to see young bright well educated human beings doing unimaginable jobs in many parts of the world which I don't want to mention by name.
Not that I consider taxi driving as insulting, but someone with a decent postgraduate degree should do better elsewhere.

If people with an MPhil or PhD Degree apply for a clerical vacancy, something must be seriously wrong with that nation!
Of course, Germanic Speaking Nations are an exception, because they have a different academic and social culture, which cannot be compared to other nations.

The System of Education must lead to Skills Development among the masses, which in return should foster economic development and growth.
For that, to work, the State must identify and positively discriminate among its subjects.
Not everyone should go to the uni to do an MBA!

Skill Development requires both Vocational aka Technical Training, and Formal University Education.
I am not one of those who say that we should choose one and leave the other.
To study STEM Subjects, you need formal academic education! A polytechnic won't do what is necessary.

But, of course, some cannot do well academically.
They just don't have the mind to absorb theoretical education imparted by formal pedagogical systems and technology.
Here the Vocational Education, such as Technical or Applied Training, works.
But, basic schooling is a must.

I am sure they are many Electrical Engineers who might need the support of Electricians to fix electrical wiring problems at home.
why is that?
Because Theory and Reality are not the same, and if they are not, the SKILL GAPS will become more ominous in the Labor Market.

Hence, I would end this thread by saying that Skill Development is the first stage, and the next stage is related to the Transfer of Knowledge.
That is another challenge that economic policymakers must address
Seen many PhDs who seek a comfy GOVT JOB instead of challenging roles

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