Education and Pension Policy of The UK - Assignment Example

Education and training have the potential to reverse this trend and function as engines of economic growth.Education and training are often seen as the solution to many current social and economic problems. There is an underlying assumption in both theory and practice that a region with educated and trained people will attract new investment, that this new investment will create jobs and that both will lead to economic development. Accordingly, a common governmental response to widespread worker displacement has been the introduction of re-training programs.

The goal of these programs is to enable displaced workers to obtain skills and knowledge that will facilitate their transition into new employment. These initiatives have met with varying levels of success. While traditional re-training programs may meet the needs of the unemployed in general, anecdotal evidence shows they can often be insufficient in meeting the training needs of workers displaced by industry-wide closures.Unemployed individuals with existing and transferable skills may benefit from the kinds of skill-upgrading and job search assistance schemes traditionally offered through government programs.

The needs of workers permanently displaced by industry closure, however, differ significantly. It is not uncommon for workers displaced by industrial closure to have low levels of education. This is particularly so in the case of industries where high levels of education are often not necessary for the vast majority of jobs these industries provide. These workers often have a skill set that is not easily transferable to other employment and industry. Workers of certain trades in these industries, especially mining, may have skills that would be applicable to other industries if they have the opportunity to upgrade these skills to recognized industry standards.

Obtaining industry recognized qualifications can be a time consuming and expensive venture.