Supply Side Policies: Training and Education
The importance of training and education to the country
Employees need to know what to do at work. They need to be both trained and educated, so that they can do their daily jobs effectively (achieve goals) and efficiently (be productive).
Spending on training and education is always regarded as important investment in the business organization’s most valuable asset — its people. No matter if the money is invested by the country’s government or individual businesses. People matter!
One of the policies that the government can use to achieve more efficient economy is to provide training schemes and education programs to working population of the country. By increasing government spending on higher education and vocational schools, the government will ensure that the higher proportion of future workers enters the job market with university degrees and high-level qualifications.