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Abstract:

Blog
Labour shortages have become widespread - this is how firms are responding
Josh De Lyon and Swati Dhingra
December 2021
Paper No' :


Tags: brexit; covid-19; wages; growth; labour; labour shortage

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.