mention the impact of skilled labour on the economic growth of a nation
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The United States has a highly skilled and mobile labor force that can respond quickly to changing business needs. But it's facing more competitive labor from other countries that can pay its workers less. They can do this because they have a lower standard of living
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Helping workers develop skills and maintain them makes economic sense. Unskilled workers face unemployment or must take unsteady low-wage jobs that offer little career growth. This in turns reduces labor force productivity and limits economic investment. The private sector can’t flourish when there isn’t a skilled workforce to sustain it.
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