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Viz: The low wage/low skill approach to leading JA's development failed miserably in the 20th century. Expecting that approach to be successful in the 2020s and beyond is beyond stupidity 
Time for a RADICAL UPGRADE of HUMAN CAPITAL
Mitchell: Low-Wage Trap, Outdated Skills Holding Back Ja
Published:Tuesday | February 12, 2019 | 12:21 AM
Jamaica’s dependence on traditional and failed methodologies to support growth and development have placed the country at a disadvantage and that needs to be addressed by the country’s leaders, says Howard Mitchell, president of the Private Sector Organisation of Jamaica (PSOJ).
Speaking at a luncheon hosted by the Rotary Club of Kingston last Thursday, Mitchell said that the country runs the risk of being left in the blocks as other countries get on board the so-called Fourth Industrial Revolution train.
“While developed countries such as the United States and Britain are seemingly struggling to keep pace with the Fourth Industrial Revolution driven by artificial intelligence, digital technology and biological advances, so-called Third World nations like Jamaica are caught in a low-wage trap with skills unsuitable for the 21st century,” Mitchell said
Time for a RADICAL UPGRADE of HUMAN CAPITAL
Mitchell: Low-Wage Trap, Outdated Skills Holding Back Ja
Published:Tuesday | February 12, 2019 | 12:21 AM
Jamaica’s dependence on traditional and failed methodologies to support growth and development have placed the country at a disadvantage and that needs to be addressed by the country’s leaders, says Howard Mitchell, president of the Private Sector Organisation of Jamaica (PSOJ).
Speaking at a luncheon hosted by the Rotary Club of Kingston last Thursday, Mitchell said that the country runs the risk of being left in the blocks as other countries get on board the so-called Fourth Industrial Revolution train.
“While developed countries such as the United States and Britain are seemingly struggling to keep pace with the Fourth Industrial Revolution driven by artificial intelligence, digital technology and biological advances, so-called Third World nations like Jamaica are caught in a low-wage trap with skills unsuitable for the 21st century,” Mitchell said
