Labour shortages have become widespread – this is how firms are responding
Dhingra, S.
& De Lyon, J.
(15 December 2021)
Labour shortages have become widespread – this is how firms are responding.
LSE Business Review.
& De Lyon, J.
(15 December 2021)
Labour shortages have become widespread – this is how firms are responding.
LSE Business Review.
The majority of firms saw business grow between April and October 2021, after the shocks of COVID-19 and Brexit in 2020. But a new analysis by Swati Dhingra and Josh De Lyon into firms’ experiences and expectations for the British economy shows confidence for the coming months is dipping. They find extensive labour shortages prevalent across all industries. Prices and wages are rising, but the growth rate of prices is catching up with nominal wage growth.