Mitchell: Low-Wage Trap, Outdated Skills Holding Back Ja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.
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.
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