Investing in Upskilling: Gains for Individuals, Employers and Government - Summary New Brunswick (2012)

This report is part of a project that examines the relationship between literacy and income. It was undertaken for the Canadian Literacy and Learning Network (CLLN).

The authors analyzed data from the 2003 International Adult Literacy and Skills Survey and the 2005 to 2009 Surveys of Labour and Income Dynamics to determine the costs and savings associated with moving every Canadian with a Literacy Level 1 or 2 on the international literacy scale to Level 3, the level considered essential to compete in the global economy.

In this document, the authors look specifically at the province of New Brunswick, where they estimate that a one-time investment of $1.032 billion over five years would be required to raise the skills of all adults to Level 3. In return, earnings for New Brunswickers who receive literacy upgrading are estimated to rise by $2.79 billion, or by an average of $4,589 per worker annually.

As well, there would be savings of $95 million because of reductions in employment insurance, workers’ compensation, and social assistance payments.

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2013-06-18
APA citation
T. Scott Murray and Richard Shillington. Investing in Upskilling: Gains for Individuals, Employers and Government - Summary New Brunswick 2012. Web. 30 Sep. 2020 <http://en.copian.ca/library/research/clln/investing_summary_nb/investing_summary_nb.pdf>
T. Scott Murray & Richard Shillington (2012). Investing in Upskilling: Gains for Individuals, Employers and Government - Summary New Brunswick. Retrieved September 30, 2020, from http://en.copian.ca/library/research/clln/investing_summary_nb/investing_summary_nb.pdf
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