ECONOMICS: ‘Efficiency’ blinds policy makers’ judgment*

Ross Gittins in a recent column in The Age was keen to argue with a quote from the British Prime Minister to the effect that nine out of ten new jobs will require degree level skills.Gittins contested Tony Blair’s proposition on the basis of a recent study coming out of Flinders University. That research demonstrated that over the past 15 years (1986-2001) the profile of jobs has changed.No doubt it has. Indeed there probably has never been a period since the beginning of the industrial revoluti…

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