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Fixing the Global Skills Mismatch

Fixing the Global Skills Mismatch _ BCG

Human capital is under intense pressure worldwide as powerful forces—globalization,
demographic and regional shifts, digitization, urbanization, and virtual and informal
forms of employment—gain momentum. These forces are changing how, where, and
when people work, but we continue to base human-capital development on a mid-20thcentury
model: standardized education and one job for life. This cannot work in today’s
world, which demands continuous-growth competition. Ongoing technological change
and market transformations require flexible thinking, quick and continuous learning,
and mobility. Instead of mass standardization, we need to embrace mass uniqueness
and human centricity.