What can global competitors teach the EU on training and flexibility?
EU is not skills intensive (not even in exports); more access to tertiary education is needed; better funding and the governance of tertiary education; to meet education gaol requires 1-2% more GDP expenditure – from private and public sources. Work and demographics. To maintain high participation rates, measures such as statutory retirement ages shold be removed. Incentives can be introduced, such as a premium to take up pensions later. Do we need a more active immigration policy? Proposed is an auction to acquire higher skills and higher wages. The EU gets low skilled people with attendant problems.
