The Skills Gap (theory)

The skills gap refers to the difference between the skills employers need and the skills workers currently possess. It occurs when there aren’t enough qualified candidates to fill available jobs, often due to rapid technological advancements or evolving industry demands. This mismatch can hinder economic growth and innovation, as companies struggle to find the right talent. Addressing the skills gap involves improving education, training programs, and workforce development to better align workforce skills with market needs. It’s a critical challenge to ensure individuals remain employable and businesses stay competitive in a changing economy.