Employers in all sectors and in every developed country are confronted by mounting job vacancies that are impeding economic growth. The vacancies also affect government operations. The problem started a decade ago but was overlooked until the COVID crisis and the Great Resignation prompted the attention of the news media. Vacancies have averaged over 10 million a month since mid-2021. In recent unemployment reports, less than 6 million people were counted as looking for jobs. That explains the... Celý popis

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Employers in all sectors and in every developed country are confronted by mounting job vacancies that are impeding economic growth. The vacancies also affect government operations. The problem started a decade ago but was overlooked until the COVID crisis and the Great Resignation prompted the attention of the news media.

Vacancies have averaged over 10 million a month since mid-2021. In recent unemployment reports, less than 6 million people were counted as looking for jobs. That explains the continuing high vacancy count.

The vacancies are linked to two global demographic trends: fewer babies and increased longevity. The problem is also related to the shift starting decades ago from 'blue collar' jobs requiring strength and agility to knowledge jobs where skills are the keys to job performance. Knowledge workers today are fully capable of working as long as they are
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