How does a more skilled labor force contribute to economic growth?

A more skilled labor force helps the economy grow because skilled workers can do their jobs more efficiently and effectively. When workers have better training and education, they can produce higher quality goods and services, which increases productivity. For example, a skilled engineer can design a more efficient machine that saves time and resources, leading to lower production costs for companies. As businesses become more productive, they can expand, hire more workers, and pay higher wages, which boosts overall spending in the economy. This cycle of increased productivity, hiring, and spending helps drive economic growth.