Sunday 1 July 2007 Response to ‘Skills: Getting On In Business, Getting On At Work’
Policy Watch #12
'Recently the simplistic assumption that investment in skills will automatically raise rates of productivity has been questioned. Indeed the White Paper itself notes that rates of productivity are determined by a number of inputs. However, it fails to examine critically and weight the relationship between productivity, skills and other factors, such as fixed capital expenditure. Consequently, it does not justify the strategy proposed.'
AUTHOR: Dennis Hayes, Alec Turner and Toby Marshall