Labor Market Trends, EdTech, and the Need for Digitally Reengineering Higher Education

Abstract

The dynamics of the labor market have changed considerably and are currently experiencing a major shift. The skill levels that used to be enough in the workplace have become inadequate for the current workplace requirements. The lifecycle duration of technical skills has become shorter than ever before. Issues in innovation, demographic shifts, socio-cultural issues, aging population, and technological advances are driving educators, employers, and policymakers to re-examine higher education to address the skill gaps currently existing in the workplace. This chapter brainstorms some of these topics and propose solutions for policymakers.