Future economic growth depends on a variety of factors, including today’s educational priorities. A report from the Hamilton Project suggests that non-cognitive skills will rise in importance for the workforce of the future. The report presents a number of key facts, including that the “labor market increasingly rewards noncognitive skills” (see figures 3A-3B especially) and those with fewer are left behind. It advances policy proposals on improving this kind of skill development in schools.
Though the project is targeting educational policy in the U.S., the implications of the economic research are important for future trends. While hard skills continue to be well rewarded, non-cognitive or soft skills are increasingly being rewarded as well, clearly a sign that employers see the need for them now and in the future. These skills need to be considered in shaping future workforce strategies.