Scientific advances and technological innovations raise living standards by
increasing productivity (economic output per unit of labour and capital
input). Advances in technology allow workers to produce more in less time
using fewer inputs of capital and resources. STEM skills help raise productivity
over the long term by contributing to technological progress. People with
STEM skills are needed to create scientific advances; to apply these advances
to develop technologically improved products, equipment, and processes; and,
most importantly, to get the most out of new technologically sophisticated
equipment and processes. Although there are many types of innovation that
can increase productivity, long-term productivity growth seems to rely ultimately
on scientific and technological progress. Having the appropriate level of
STEM skills and STEM literacy in the labour force may therefore be necessary
(but not necessarily sufficient) for technological innovation in the long term,
although the relationship between available skills and innovation is highly
complex. Innovation is a non-linear and dynamic process that occurs within
a complex ecosystem of actors, with firms as the central agents of innovation
(see CCA, 2013c, 2013a).
Increasing the quality or quantity of workers with STEM skills, however, will not
automatically translate into increased innovation in the Canadian economy.
Other creative and commercial skills are also required. Compared with other
countries, Canada’s lacklustre productivity growth has been attributed to low
levels of innovation in the business sector despite a strong and productive
academic research sector (CCA, 2013c). Consequently, a greater level and
supply of STEM skills will only translate into higher living standards in Canada
if demand for these skills exists in the business sector, where they can be put
to use in the economy.
Scientific advances and technological innovations raise living standards byincreasing productivity (economic output per unit of labour and capitalinput). Advances in technology allow workers to produce more in less timeusing fewer inputs of capital and resources. STEM skills help raise productivityover the long term by contributing to technological progress. People withSTEM skills are needed to create scientific advances; to apply these advancesto develop technologically improved products, equipment, and processes; and,most importantly, to get the most out of new technologically sophisticatedequipment and processes. Although there are many types of innovation thatcan increase productivity, long-term productivity growth seems to rely ultimatelyon scientific and technological progress. Having the appropriate level ofSTEM skills and STEM literacy in the labour force may therefore be necessary(but not necessarily sufficient) for technological innovation in the long term,although the relationship between available skills and innovation is highlycomplex. Innovation is a non-linear and dynamic process that occurs withina complex ecosystem of actors, with firms as the central agents of innovation(see CCA, 2013c, 2013a).Increasing the quality or quantity of workers with STEM skills, however, will notautomatically translate into increased innovation in the Canadian economy.Other creative and commercial skills are also required. Compared with otherประเทศ แคนาดาของ lacklustre ผลผลิตเจริญเติบโตมีการบันทึกต่ำระดับของนวัตกรรมในภาคธุรกิจแม้ มีความแข็งแกร่ง และมีประสิทธิภาพงานวิชาการภาค (CCA ซี 2013) ดังนั้น ในระดับมาก และอุปทานของก้านจะแปลเป็นคุณภาพชีวิตที่สูงกว่าในประเทศแคนาดาเท่านั้นถ้าความต้องการทักษะเหล่านี้มีอยู่ในภาคธุรกิจ สามารถใส่ที่ใช้ในเศรษฐกิจ
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