Worker shortages may emerge as a defining economic trend amid immigration policies and geopolitical shifts, impacting labor markets and wage inflation on both sides of the Atlantic.
President-elect Donald Trump’s immigration policies could lead to the deportation of up to one million illegal migrants, potentially dampening U.S. population growth and labor supply.
The prospect of a durable ceasefire in Ukraine may encourage many migrants to return home, creating labor shortages in Central European nations that have come to rely on them.
The International Labour Organization highlights that global jobless rates remain low at 5%, with predictions of stability, yet increasing wage inflation concerns persist.
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