Job vacancies, labour shortages and a ‘high-wage economy’

@TheIFS PODCAST: Are we transitioning to a high-wage economy? Ahead of the Prime Minister’s speech this morning, @PJTheEconomist, Jonathan Cribb and Xiaowei Xu discuss job vacancies and labour shortages.

From HGV drivers, to strawberry pickers, to doctors and nurses, the UK seems to be facing labour shortages across many different industries.

As the pandemic recedes, and the impacts of Brexit begin to reveal themselves, the government have insisted that this is part of the transition to a ‘high-wage economy’.

What is happening in the labour market?

Which sectors are facing the biggest challenges?

And what can policy-makers do to help?

This week, we’re joined by Jonathan Cribb and Xiaowei Xu, IFS experts on labour markets and jobs.