skilled labor shortages

Skilled labor shortages occur when there aren't enough workers with specialized training or expertise to fill available jobs. This can happen due to factors like aging workers retiring, insufficient vocational training, or rapid industry growth outpacing workforce development. As a result, employers struggle to find qualified candidates, which can slow down projects, increase wages, and impact economic growth. Addressing this shortage often involves investing in education, training programs, and attracting new talent to meet industry demands effectively.