The UAE can generate an additional 43,000 jobs by 2030 by closing the skills gap, World Economic Forum said on Monday. The report noted that countries with skilled workforces but comparatively smaller jobs markets will see fewer benefits, like the UAE, where the private sector is underdeveloped. This can distort incentives to acquire relevant skills as young workers with some formal education prefer well-paid public-sector jobs,” WEF said. Rising to this challenge could result in faster progress and even larger economic benefits by 2030. Saadia Zahidi, managing director of World Economic Forum, said millions of people are already being left behind because of volatile market conditions, the effects of Covid-19, or because they work in industries that are being replaced by new sectors.

Source: The North Africa Journal January 25, 2021 13:27 UTC