Countries that provide quality jobs, effective social protection and investing in human capital, are more resistant to the economic crisis. This is one of the main findings overview of the development of employment and social situation in Europe in 2014, issued by the European Commission. The review also emphasizes the need to invest in education and childcare workforce with the right skills to boost productivity.
According to the document, the negative effect of the recession on employment and income is lower in countries that are more open and less fragmented labor markets and invest more in lifelong learning. Overview of further emphasizes that effective investment in human capital do not involve only education and training in appropriate skills, but also suitable conditions, which would help people maintain these skills and develop throughout their working lives. In this context, it is necessary reasonable policy that would prevent the waste of human capital due to low utilization of potential employment, stresses the document.