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ERIC ED565198: Investing in Upskilling: Gains for Individuals, Empl... |
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by ERIC |
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Canadians share a common interest in finding ways to |
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raise incomes and reduce dependence on income support |
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programs. Canadian Literacy and Learning Network (CLLN) |
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and DataAngel Policy Research Incorporated have produced |
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a report that explores the potential of an investment in |
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adult literacy to simultaneously raise Canadians' |
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earnings and reduce government expenditures on Employment |
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Insurance, Workers Compensation, and Social Assistance |
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benefits. This summary presents highlights from the main |
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report and key findings for British Columbia. The |
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analysis examined the costs and savings associated with |
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moving every Canadian with a Level 1 or 2 rank on the |
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international scale of literacy achievement to Level 3. |
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Research suggests that Level 3 proficiency is needed for |
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Canada to compete on global markets. Findings include: |
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(1) Assuming "best practice" instruction, a one-time |
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investment of $2.897 billion over 5 years would be |
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required to raise the skills of all adults in British |
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Columbia to Level 3; (2) If that investment was made, |
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earnings for British Columbia adults who receive literacy |
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upgrading are estimated to rise by $8.967 billion, or an |
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average of $2,607/worker annually; and (3) If that |
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investment was made, total savings of $310 million could |
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be realized in British Columbia. [For "Investing in |
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Upskilling: Gains for Individuals, Employers and |
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Government. In Focus: Benefit Receipt Payments," see |
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ED565189.] |
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Date Published: 2016-04-23 03:03:22 |
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Identifier: ERIC_ED565198 |
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Item Size: 7036776 |
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Language: english |
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Media Type: texts |
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# Topics |
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ERIC Archive; Foreign Countries; Cost... |
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@chris85 |
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