Labour shortages

Labour shortages occur when there are not enough workers available to fill all the open positions in an economy or specific industry. This can happen due to factors like aging populations retiring, fewer people entering certain professions, or barriers that make it harder for workers to find employment. As a result, businesses may struggle to operate efficiently, leading to delays, increased wages, or reduced services. Labour shortages can impact economic growth and often require strategies such as training, improved working conditions, or immigration policies to address the gap between supply and demand for workers.