What is a labour shortage?

A labour shortage occurs when the number of workers is inadequate to cater to the demand for labour in a particular industry or occupation.

Why is there a shortage of labour?

A labour shortage is the result of there are more jobs but inadequate workers. The shortage is caused by an array of factors like an aging population, changing migration patterns, pandemic, etc.

What jobs have the biggest labour shortage?

Significant labour shortages are experienced by employers offering job roles in skilled trades, construction, healthcare, IT industry, etc.

What is the effect of labour shortage?

Labour shortages can adversely affect the economy that can entail alleviated productivity, enhanced costs, and potential supply chain disruptions.

Which country has labour shortage?

The highest recorded labour shortage rate at 85% is Japan, 10% higher than the global average. Other countries experiencing labour shortages are Germany Israel, Greece, Ireland, India, Portugal, etc.