Sri Lanka’s labour market has been riddled with persistent high informality, an unchanging low female labour force participation, and low quality of available jobs. Enhancing exports can be a solution to these intractable problems, according to the findings of the Exports to Jobs – Boosting the Gains from Trade in South Asia report, which shows that boosting exports improves domestic labour markets by creating jobs, increasing wages, and reducing informality.
Climate change and related vagaries of weather have increased the vulnerability of the Sri Lankan population to natural disasters. Rural households and livelihoods are more affected by such calamities, which increases the risk of rural families sliding into poverty. As such, Nisha Arunatilake argues that improving the quality of jobs and livelihoods of the rural population is important to build these communities’ resilience to such natural disasters.
The World Bank’s Human Capital Index (HCI) summarises the ‘amount of human capital a child born today could expect to attain by age 18’. Sri Lanka’s HCI for 2018, the best in the South Asian region, is 0.58. However, there is room for improvement. A closer examination of the sub-indices of the HCI shows that two of the areas that need attention are education and health.
Sri Lanka’s Budget 2018 has proposed to allocate Rs. 50 million to establish a center dedicated to training teachers in the English Language. Highly qualified teachers in all classrooms are necessary for implementing education reforms aimed at modernizing and improving education in the country; as such proposals for improving teacher training are welcome. This analysis argues that there is no shortage of teachers for English language, science, and mathematics at the national level. However, there is a shortage of qualified and experienced teachers to teach these subjects.
Improving Sri Lanka’s female labour force participation has been an issue troubling policymakers in the recent past. Most solutions to this problem are concerned with helping women to balance work-life activities. This blog shows that low female labour force participation is more an issue for low skilled females. The labour force participation of higher skilled females is on par with that of males. As such, this blog argues that better education and better jobs will also encourage more females to enter the workforce.