Become responsible for your own education
Further education and training is one’s personal business and becomes increasingly so when completes tertiary studies and get’s employed, thereby joining the workforce. Thanks to increase corporate training efforts led by companies on behalf of their employees, many people in the workplace get the opportunity to further their studies. Often times we seldom think of how such further education efforts by millions of individuals has an impact on the economy of the country. Statistical studies on education in the workplace tell us the full story.
A comparison of the impact of education status in relation to human and social development in South Africa compared to a leading nation like United Status, paints an interesting story:
Average Productivity Per Worker
The GDP per person employed is simply a measure of how much an average worker contributes to the wealth of a nation. Now, agreed that such a measure is complex and looks and a variety of factors, when employing such a measure in comparing the economy of South Africa to the United States of America, it is noted that an average worker in USA contributes US$101,430 to the GDP of the nation while an average worker in South Africa contribute almost a third of that amount, at US$38,390.00
School Life Expectancy
School Life Expectancy is a measure of how many years an average person is expected to spend in school. An average person leaves school almost 4 years earlier, compared to one in USA, when referring to data prepared by UNESCO. A good proportion of these people enter the workforce, which a significant proportion remains unemployed for years to come. This factor also contributes to the health of the economy of the nation.
Tertiary Education Attainment
A consequence of the school life expectancy of people in a nation is how many people in the labor force of that nation who attain a tertiary qualification. ILO studies suggest that as of 2011, almost 17% of South Africa’s labor force has attained tertiary qualifications compared to an over 35% in USA recorded 10 years earlier. While South Africa is very much a young country compared to USA, in today’s increasingly competitive global marketplace, nations are expected to shape up quickly so that they can be more competitive in the global game
Human Development Index
This Human Development Index (HDI) is tool developed by the United Nations to measure and rank countries’ levels of social and economic development based on four criteria: Life expectancy at birth, mean years of schooling, expected years of schooling and gross national income per capita (GDP). The HDI makes it possible to track changes in development levels over time and to compare development levels in different countries. A comparision of South Africa an USA suggests that the HDI for USA is 0.91 while South Africa is pegged at a lower 0.66.
Often a not so easy indicator it discuss, however it is a well known fact that educated people are less vulnerable and are less likely to be involved in crime, statistics also agrees with such thinking. South Africa recorded 31 murder deaths per 100,000 in 2012 compared to 4.7 death per 100,000 in United States. While other factors may be at play in such an instance, but the level of education in a nation as far reaching implications on how people relate one to another
While the indicators are just but a few of the many indicators covered in the Pearson Country Profiles, for us in South Africa it’s critical to make the issue of further education and training a personal matter. If you and me further our education aggressively, and all of us as a nation does so, then the nation as whole becomes more competitive globally. This is why you need to make further education your businesss!