Quote:
Originally Posted by OLD BOY
Brexit was designed to create a temporary shortage of unskilled labour in order to push up wages. This shows that the policy is working.
In the end, employers will have to offer decent training and decent wages to workers in order to fill their vacancies, and we will get to a point of equilibrium. That was always part of the Brexit plan.
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Interesting. Labour shortages are generally inflationary as the costs of goods increases to compensate for higher wages. If productivity does not increase in line with wages, then the value of the pound will drop against other currencies.
Of particular concern is the dollar as this is what we buy our energy with. If energy becomes more expensive, then costs rise, creating inflation, fuelling wage rises, dropping the value of the pound and so on. Labour shortages are really bad for economies - brace for impact