Labour shortages amidst unmet demand for decent work

Abstract

Chapter 3 provides an assessment of the growing imbalances between the demand for and supply of labour. It documents large discrepancies between labour demand and available supply across advanced economies and key sectors that are slow to resolve and discusses both short‐term and secular factors that affect these imbalances. The chapter suggests a certain number of policy options, including comprehensive skills partnerships between countries to alleviate the global imbalances that exist between countries.