The Resolution Foundation’s report on wage growth and productivity yesterday notes the ongoing decline of training. Time spent on all training has been falling for the last decade or so but the deterioration has been sharper for off-the-job courses.
Source:Resolution Foundation Earnings Outlook
The decline in off-the-job training has been most marked for the younger age groups. As the Resolution Foundation comments:
The ongoing deterioration in training rates has been mainly felt by employees aged under 50. While training intensity has always declined with age this gap has narrowed: training rates are over 30% below their 21st century peak for 18-29 year olds and 30-49 year olds, but only 16% down for those aged 50 and over.
The maintenance of training for older workers is a positive trend: boosting productive work among the over-50s will be key to ensuring our economy keeps pace with demographics. But falling training investment for the…
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