What Is Wrong With The Nordic Model? (Michael Cottakis)
«Sweden has significant demand for high skilled labour. With start-ups and high growth enterprises emerging at a fast pace, the existing labour force struggles to provide the resources needed. The temptation for many firms is to consider pastures new, with London and Berlin well-known destinations. The labour shortfall thus poses an existential risk to the Swedish economy, one which politicians on both sides of the political centre are struggling to get to grips with.
Against such a backdrop, immigrants may yet prove to be Sweden’s salvation. For this, significant investment must be made, ensuring that more immigrants receive a university education or technical training. This would require an effort to grow the university sector, increasing the number of taught places available. More online Master’s courses would allow aspirational young immigrants to complete postgraduate education while working to bring in much needed cash. Public schools might concentrate on teaching basic IT and programming, meaning such skills are learnt by all at an early age, before university. Companies too could show more flexibility in who they hire. A Master’s degree is not always better than a Bachelor’s.
Better education of foreigners and more flexible recruitment policies can help solve Sweden’s immigration crisis. Furthermore, immigrants can provide a new impetus for the Swedish economy. Future Swedish governments must communicate these facts to their citizens, or face the slow hollowing out of the much-vaunted Nordic model.»
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