How to Grow the Economy?

 

Currently, few Costa Ricans, but especially young people between the ages of 17 and 24, have the skills needed by companies that most easily offer jobs.

Today this population suffers unemployment of 39%; that is, four times more than the national average.

It is necessary to know how to better execute the 8% of the Gross Domestic Product that every year is destined for education so that it is concentrated especially in broader programs of learning English, as well as skills typical of engineering, technology and customer service. Client especially regarding tourism.

If Costa Rica was to facilitate these skills to students in public schools, they would improve the country's economic growth and productivity.

Areas related to tourism, medical devices or shared service centers are three of the most important that today could collect a large part of the mass that does not have work, if all had the necessary skills.

Several of this information was evaluated within the 2018 State of the Nation Report, presented last week.

How to Solve the Problem?

The first thing would be the implementation of dual education, especially in technical colleges.

With this, students, would receive professional and educational training, which is managed with teachings in theory and practice in two different places.

First in the educational institution and then in a company or organization where they carry out the didactic activities they learned in school.

With this, high school students over 15 years of age could occupy up to 10% of the places in a company.

The the second point is to rethink the curriculum that is taught in public schools, in order to strengthen the teaching of a second language and other skills.

Unemployed youth and unskilled people do not have access to the highest-paying jobs, nor to those companies that have better opportunities to open new jobs.

The reasons have already been stated, the lack of skills in the command of a second language (English and Portuguese the most required), soft skills, especially those related to technology or engineering, mean that these positions continue to be filled.

Likewise, Sectors with Chains To Free Zone Companies

- Today drivers of the economy - are also a multiplier of employment, but there is little development of these ecosystems around activities such as high technology manufacturing.

Between 1990 and 2017, 51% of the income inequality among the employed was explained by the existing salary differences, the remaining 49% was divided by sex, age, geographical location, among others, indicated the report State of the Nation.

Inequality decreases when there is a sustained increase in GDP growth and productivity for at least four years.

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