Business Standard

WEF 2022: Why a global skills passport can lead us towards a trust economy

As jobs and workers reshuffle, within countries and across them, both employers and jobseekers benefit when they can perfectly match skills to roles

technical skills
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A skills-based approach is intrinsically more ethical than the alternatives, as it considers only what individuals are capable of – not their career histories or professional networks.

BS Web Team
Amid global crises of every shape, one overlooked commodity is in short supply. It’s not food or water, gold or oil. It’s trust. With it, we can trade with strangers across borders. We can eat food we didn’t prepare and rely on machines we didn’t build. With it, our families and property can be secure.

Without it, we fear even the simplest exchanges that underlie all of our interconnected lives. Despite its value, trust is in short supply. Not because we’re individually untrustworthy, but because our trust can’t be demonstrated directly to the nearly 8 billion people we’ve never met.

That’s why

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First Published: May 22 2022 | 8:27 AM IST

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