The Low Skills Conundrum
Report Segment: Low Skills Equillibrium
The graph below sets out the supply and demand for different levels of skills . In a highly skilled economy or sector of the economy we are likely to arrive at an equilibrium at point 2 where there is a demand for high level skills matched by a supply of high level skills. The LSQe position (Point 1) might be described as a vicious circle – of consistent demand for low skills matched by consistent supply of low skills.