The global skills gap crisis persists and will only become more acute as digitalisation continues to change the labour supply and demand landscape. Workers must develop new skills or upskill to remain relevant and employable in the digital world. Unemployment has reached an all-time high of nearly 200 million individuals and 1.7 billion people—or 46 percent of total employment—are in vulnerable employment situations.1
Simultaneously, the European Commission warns that Europe could be facing a shortage of up to 825,000 ICT professionals by 2020 2. The tides must shift or global economies will perpetually be weakened by skills gaps and mismatches.
1 International Labour Organization, “World Employment Social Outlook: Trends 2016;” page 9, online at http://www.ilo.org/global/research/global-reports/weso/2016/WCMS_443480/lang--en/index.htm
2 European Commission; “Grand Coalition for Digital Jobs,” June 7, 2016, online at https://ec.europa.eu/digital-single-market/en/grand-coalition-digital-jobs