Adult Training in Canada - Article Example

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Adult Training in Canada

Standard of living depends on the skills of the labor force. Thus, any nation’s economy depends upon the skills that the labor force possesses. Education and training are lifetime activities related to the working career but it is difficult to evaluate the training decisions based on the business cycle as there are many other factors that influence the training decisions. As labour market conditions improve it becomes essential to train the workforce. Training is influenced by the ‘business cycle’. As business activity increases hiring too has to increase because businesses require more staff. The staff also needs to be trained and hence as employers add staff they also undertake to train the staff. However, the ‘opportunity cost’ in training the staff is higher in a robust economy and this can reduce the incidence of training. However these are counterbalancing influences which make it difficult to relate training to business cycle. A thorough study would entail examining the entire workings of the Canadian economy which is a long-drawn process. The authors decided to restrict their query to evaluate whether the AETS instruments provide a consistent explanation of training incidence and duration for both men and women. Overall education level increased between 1992 and 1998 and more women opted for university degree. Several factors suggest that training too should have increased during this period. ...Show more

Summary

Economic activity was uneven during the nineties in Canada which prompted the authors to conduct a study. The decade had begun with a brief recession in 1991 but thereafter output and employment expanded…
Author : carole77
Adult Training in Canada essay example
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