Skills Shortage

A skills shortage occurs when there is a gap between the number of qualified workers and the jobs available that require specific skills. This can happen in various industries—such as technology, healthcare, or construction—where demand for skilled professionals exceeds supply. As a result, employers may struggle to fill positions, which can hinder business growth and economic development. Factors contributing to skills shortages include changes in technology, aging workforces, and education systems that may not align with industry needs. Addressing this issue often involves training, education, and workforce development initiatives.