The post-COVID rise in labour shortages across OECD countries

Emilia Soldani, Orsetta Causa, Nhung Luu, Michael Abendschein

Labour shortages can tamper economic activity, aggravate supply bottlenecks, and trigger increases in inflation. This column presents a recent cross-country analysis by the OECD which shows that labour shortages have been on the rise in a number of advanced economies, and tend to be concentrated in industries characterised by contact-intensive, low-pay, and, more generally, low-quality jobs. Public policy interventions encouraging flexible working arrangements, training, and adequate pay could help address labour shortages while spurring economic growth and social mobility.

Πηγή: Voxeu

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