The Conference Board of Canada’s Centre for Skills and Post-Secondary Education recently posted an interesting article exploring the evidence linking a highly skilled population and overall social well-being and health of individuals within that population. In their analysis, the Conference Board broke down a number of key factors related to skills and education:
- Skills and education are key determinants of economic productivity and growth.
- Individuals with advanced skills and education do better in the labour market than those without.
- Highly educated Canadians are more active in their communities and politics.
- Advanced skills and higher education are associated with better physical and mental health.
Overall, the Conference Board reports that,
“…evidence shows that skills are critically important and that efforts to ensure that Canada’s PSE system continues to produce highly skilled graduates are well-founded”
“Canadians with less than a high school diploma have an employment rate of only 55 per cent, while those with university degrees or college diplomas have employment rates of 82 and 81 per cent, respectively” (Ministry of Training, Colleges, and Universities, Ontario Labour Market Statistics for January 2012, 2.)
“…although there are differences across disciplines, higher education credential holders aged 25 to 64 earn, on average, 39 per cent more than high school graduates.” (OECD Education at a Glance, 2014)
The full post, which includes linked citations to Statistics Canada data and other independent research, is available on the Conference Board’s website here. While these findings may seem intuitive it is interesting to see our assumptions regarding the link between PSE participation rates and overall societal well-being quantified.