Skills lost due to COVID school closures will hit output for generations: OECD

FILE PHOTO: A child marches down Court St to protest the opening of schools following the outbreak of the coronavirus disease (COVID-19) in the Brooklyn borough of New York City, New York, U.S., September 1, 2020. REUTERS/Carlo Allegri

PARIS (Reuters) – Disruption to schooling stemming from the COVID-19 epidemic will cause a skill loss that could result in a 1.5% drop in global economic output for the rest of this century, the Organisation for Economic Cooperation and Development estimated.

For the United States, that will represent an economic loss of $15.3 trillion, the OECD said in a report published on Tuesday, with the bill rising higher still if disruption to education extends into the next academic year.

“Learning loss will lead to skill loss, and the skills people have relate to their productivity,” the report said, explaining the forecast drop in global GDP.

Governments around the world closed schools to

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G20’s think tank group warns missing generation’s skill gap must be addressed for sustained economic growth in a post COVID-19 era

DUBAI, United Arab Emirates, Aug. 25, 2020 /PRNewswire/ — A task force of the G20 research and policy advice network, Think20 (T20), has identified artificial intelligence (AI) based learning technologies as the recommended approach to overcoming current educational challenges and ensuring existing and future employees are prepared to be a member of the workforce of today and tomorrow.

With economies reeling from the repercussions of COVID-19, T20 research has highlighted it is not only the transition from education to employment that must be reformed, but also that the skills of those already within employment that no longer meet evolving market requirements. Recommendations laid out within twelve research-based T20 Policy Briefs outline how G20 member countries can address their individual challenges to ensure economies can recover and achieve sustained growth, as the increased use of AI changes the employment landscape in the digital age.

As a viable solution to the

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