Skill Shortages

Skill shortages occur when there are not enough qualified individuals to fill available jobs in specific industries or professions. This can happen due to various factors, such as a lack of training programs, changes in technology that require new skills, or demographic shifts that reduce the workforce. As a result, employers may struggle to find suitable candidates, which can lead to increased workloads for existing staff, higher wages, or even delays in projects. Addressing skill shortages often involves investing in education and training to better prepare the workforce for current job demands.