Job retraining: No 'magic bullet' - The Globe and Mail - 0 views
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The other challenge for policy makers is predicting labour market demand – just because hiring is strong in a field now doesn’t mean it will stay that way in two or three years time
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best bang for the buck would be in investing in the basics – literacy, English-as-a-second-language training and helping people complete high school.
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solid studies tend to suggest [retraining] is not the saving grace. It's not the best thing since sliced bread,” he says. Academic literature “tends to show little or no impact on a cost-benefit analysis.
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best way to track the effectiveness of retraining is to compare one group that gets training with a similar group that doesn’t
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Apprenticeships, co-op programs and close links with local employers tends to improve outcomes, he says.