1. Investing in Upskilling: Gains for Individuals, Employers and Government. Summary Ontario
- Author
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Canadian Literacy and Learning Network and DataAngel Policy Research Incorporated (Canada)
- Abstract
Canadians share a common interest in finding ways to raise incomes and reduce dependence on income support programs. Canadian Literacy and Learning Network (CLLN) and DataAngel Policy Research Incorporated have produced a report that explores the potential of an investment in adult literacy to simultaneously raise Canadians' earnings and reduce government expenditures on Employment Insurance, Workers Compensation, and Social Assistance benefits. This summary presents highlights from the main report and key findings for Ontario. The analysis examined the costs and savings associated with moving every Canadian with a Level 1 or 2 rank on the international scale of literacy achievement to Level 3. Research suggests that Level 3 proficiency is needed for Canada to compete on global markets. Findings include: (1) Assuming "best practice" instruction, a one-time investment of $12.7 billion over 5 years would be required to raise the skills of all adults in Ontario to Level 3; (2) If that investment was made, earnings for Ontario adults who receive literacy upgrading are estimated to rise by $35.65 billion, or an average of $3,495/worker annually; and (3) If that investment was made, total savings of $1.25 billion could be realized in Ontario. [For "Investing in Upskilling: Gains for Individuals, Employers and Government. In Focus: Benefit Receipt Payments," see ED565189.]
- Published
- 2012