Placing Symbols before Reality? : Re‐evaluating the Low Skills Equilibrium

The burgeoning literature on vocational education and training (VET) has failed to provide an adequate theoretical basis by which to understand training outcomes. Critically appraises the notion of a “low skill equilibrium” and highlights a number of conceptual and analytical weaknesses in the literature. Suggests some key ingredients for a more sensitive approach to training provision. Emphasizes the importance of addressing developments in production and illustrates this by reference to case study research.