This report explores how to maximize the economic value of skills in a dynamic job market. It emphasizes that a skill's worth depends heavily on how well it complements other skills, particularly those in high demand. The value of any skill is also relative to the worker's existing skillset, with the greatest value often arising from combining skills from different areas. Focusing on Artificial Intelligence (AI) skills, the report finds them especially valuable due to their strong complementarity and rising demand, boosting worker wages by an average of 21%. These findings can inform policies and practices for digital reskilling initiatives.
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Oxford Internet Institute
Year
2022
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