About: Skills Shortage

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An Entity of Type : owl:Thing, within Data Space : 134.155.108.49:8890 associated with source dataset(s)

A skills shortage means that there aren't enough trained workers to run a nation's businesses. This lack of skilled labor reduces the nation's GDP anywhere from 24.5% to 29%. Skill shortages occur largely due to a lack of education. The best defense against them is a high Literacy rate, which can reduce skill shortages by up to 40%. Barring that, well-funded State Schools, large University Grants, and a high rate of Immigration can each reduce the impact of a skill shortage by up to 20%.

Attributes	Values
rdfs:label	Skills Shortage
rdfs:comment	A skills shortage means that there aren't enough trained workers to run a nation's businesses. This lack of skilled labor reduces the nation's GDP anywhere from 24.5% to 29%. Skill shortages occur largely due to a lack of education. The best defense against them is a high Literacy rate, which can reduce skill shortages by up to 40%. Barring that, well-funded State Schools, large University Grants, and a high rate of Immigration can each reduce the impact of a skill shortage by up to 20%.
dcterms:subject	Situation
abstract	A skills shortage means that there aren't enough trained workers to run a nation's businesses. This lack of skilled labor reduces the nation's GDP anywhere from 24.5% to 29%. Skill shortages occur largely due to a lack of education. The best defense against them is a high Literacy rate, which can reduce skill shortages by up to 40%. Barring that, well-funded State Schools, large University Grants, and a high rate of Immigration can each reduce the impact of a skill shortage by up to 20%.

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