Immigration and innovation can ease EU worker shortage
The search for solutions is ramping up, but labour shortages will increasingly hinder GDP growth in the euro-area
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In this article
- Causes of the shortages
- Demographic decline
- Self-compounding fiscal strain
- Muted wage response
- Easing the shortages without raising pay
- Immigration
- Productivity growth and automation
- Childcare costs and women's participation
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