Employers are struggling to fill entry-level vacancies, despite the fact that there are 75 million unemployed young people worldwide, Diana Farrell, Director and Co-founder at the McKinsey Center for Government told CNBC.
A new survey conducted by the group says employers struggle with a lack of skills among graduates of academic and vocational courses, particularly for medium and high-skilled jobs, such as teaching and medicine.
“The gap is tremendous. It’s a real tragedy,” Farrell said.
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The skills gap results from widespread social promotion, grade inflation and enrollment in useless liberal arts programs.
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