look at the demographics... babyboomers retiring everywhere

service industry in the US agrees with you

But instead of letting the market raise wages ..let's bring in another wave of migrants.

Just the prospect of volatile price inflation disincentivizes businesses from investing (either in capital or labor) because it's hard to know what your variable costs will be in the future. Relative price stability allows more accurate economic calculation.

Not sure about Belgium. I'm the States, there's no shortage of white collar workers lined up for jobs, but blue collar workers are in demand and definitely short. The average age of plumbers and electricians is near 55. We've fallen under the fallacy that good jobs require college and IMO this is th...

Talking to a friend entrepreneur, it really does appear to be a shortage of skilled labor. Or: a glut of unskilled people in working age. In other words, the service economy is starting to crumble, with needs shifting to the primary industries of fuel, food, basic living requirements.

There is definitely a shortage here in Japan. More and more foreigners working in convenient stores, constructions, retail etc…

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It looks like it's a world-wide phenomenon. That said, today I saw an article saying mass layoffs are increasing in numbers (in Czech Republic) and starting to be significant. Only a few weeks back this would seem impossible. Many Czech companies supply stuff to German companies, so this could be th...