Labour shortage to hit global recovery, says top economist
Global asset manager’s expert says pre-pandemic tightness in labour markets has been exacerbated by enhanced Covid-era unemployment supports
The shortage in labour will constrain the global economic recovery after the Covid-19 pandemic, a leading economist has said.
“We’re seeing labour shortages in every sector of the global economy right now,” Markus Schomer, chief economist with PineBridge Investments, a $133 billion global asset manager, told the Business Post.
“Wage supports being paid by governments are certainly fuelling this. In the US there are more advertised job openings than there...
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