It was reported in July there are now 900,000 job vacancies, yet workers are scarce.
Shouldn’t tHe MaRkEt adjust to this and continue to increase salary offers for these jobs until people start filling them?
Probably most of those vacancies without simply disappear if the wages are not allowed to be exploitative.
Hey, remember how a few years ago lots of educated young men a short train ride through a tunnel away were able to come over and take those jobs?
Oops.
No one wants to be a slave. Salaries should be raised - substantially.
Wages have been driven down to such low levels. Pay more then they’ll have a better chance of filling those vacancies. There was a time that one parent could support a household, now it requires two and then it barely covers the bills.
The very companies that do not want to pay a fair and decent wage yet happily throw money at the directors will wonder why they’ve gone bust when their customers no longer have surplus income to buy their goods. Pubs are a good example.
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https://www.express.co.uk/news/uk/1962610/uk-unemployment-crisis-economy