This Working Paper is an invited contribution produced within the Future of Work and Inclusive Growth in Europe project, with the financial support of the Mastercard Center for Inclusive Growth.
For many newly emerging jobs, labour-market mismatches prevail as workers and firms are unable to apply precise occupation taxonomies and training lags behind workforce needs. We report on how data can enable useful foresight about skill requirements and training needs, even when that data has not been collected for this express purpose. First, we show how online generated freelance data can help monitor labour-market developments in the short run. Second, in the long run, we illustrate how data can shed light on development of workplace-ready aptitudes among students, even when these are not the direct focus of instruction. This combination of data-intensive activities can inform the immediate and long-term needs for education and training in order to help individuals develop the ability to learn, train and retrain as often and as much as needed.
Stephany, F. and R. Luckin (2022) ‘Is the workforce ready for the jobs of the future? Data-informed skills and training foresight’, Working Paper 07/2022, Bruegel