Skilled workforce willpay off
For a country like Bangladesh, human capital can be the main driving force for economic development and prosperity. According to the UNDP, the working age population constitutes 66 percent of the entire population of Bangladesh. By 2030, the share of working age population will increase to 70 percent. After that, it will gradually begin to decline.
Given this, now is clearly the time for us to properly utilise this immense potential before the window of opportunity begins to close. In order to do so, we must address the unemployment issues we currently have.
To utilise the vast number of people in our workforce, the government must help create more jobs along with the private sector. In addition, the government also needs to ensure high efficiency among the labour force by providing technical and vocational training to people.
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