A less skilled workforce and lower literacy rates are symptoms of what?

Question

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Answer 1

Economic down-cycling; low GDP & job loss.

 

Limited literacy skills cost business and taxpayers $20 billion in lost wages, profits and productivity annually. 

 

Wages among less-skilled men/women remain below where they were in the 1970s. Overall wage growth among all less-skilled workers has been limited.

 

Reduced productivity = lower GDP; reduced cash flow; jobloss/less hiring; lower average income.