Skills Shortages

Skills shortages occur when there aren't enough qualified workers available to fill the jobs that businesses need to operate effectively. This can happen due to gaps in education or training, rapid economic growth, or changing technology that requires new expertise. When skilled workers are scarce, it can lead to delays, increased wages, or businesses struggling to meet demand. Addressing skills shortages often involves improving training programs, education, and attracting talent from different regions or industries to fill the gap.