The mismatch problem occurs as the workers required by companies for their vacancies are difficult to fill up due to shortage of talents in the labor pool. An Asian Development Bank study said labor mismatch is one of the culprits behind the country's slow economic growth and that the mismatch may be caused by too many highly educated people chasing too few jobs in the country.
Francis EscuderoRelated topics
asian bank behind chasing country development due few fill growth labor mismatch people pool problem say shortage slow study jobsRelated quotes
Every drama school in the country turned me down, and so I was lucky to study drama at all, even if it was lowly Birmingham University. But even when I came out with my degree, my mother promptly insisted I go straight to secretarial college to have something to fall back on, just in case – which didn't exactly fill me with confidence.
Tamsin Greig
It turns out that advancing equal opportunity and economic empowerment is both morally right and good economics, because discrimination, poverty and ignorance restrict growth, while investments in education, infrastructure and scientific and technological research increase it, creating more good jobs and new wealth for all of us.
Bill Clinton
House prices have risen by nearly 25 percent over the past two years. Although speculative activity has increased in some areas, at a national level these price increases largely reflect strong economic fundamentals, including robust growth in jobs and incomes, low mortgage rates, steady rates of household formation, and factors that limit the expansion of housing supply in some areas.
Ben Bernanke
A lot of joblessness in the black community doesn't seem to be reachable through fiscal and monetary policies. People have not been drawn into the labor market even during periods of economic recovery. Employers would rather not hire a lot of workers from the inner city. They feel people from the inner city are not job-ready, that the kids have been poorly educated, that they can't read, they can't write, they can't speak.
William Julius Wilson
Three women were brought to the Singapore General Hospital, each in the same condition and needing a blood transfusion. The first, a Southeast Asian was given the transfusion but died a few hours later. The second, a South Asian was also given a transfusion but died a few days later. The third, an East Asian, was given a transfusion and survived. That is the X factor in development.
Lee Kuan Yew
