UK’s Chronic Labour Shortage – what has caused it, and should we ask the over 65s to help out ?
I first published this mini-review in July of last year - since the employment situation has worsened significantly since then, I've recently updated it to reflect recent developments and the prospects for our economic recovery. It's important for the sake of our economy and our children's futures that we address our poor productivity as a nation. We can only hope to do this if we make maximum use of our home-grown talent. It's important that we now include more of our older workers in our workforce, whether they have retired or not, and we can only tempt them out of their 'economic inactivity' by providing strong incentives. The following article will I hope provide some practical suggestions on how we might do this. UK Government has, somewhat belatedly, declared this as a priority - time will tell whether they (or indeed their successors!) are prepared to put their (i.e. our) money and resources where their mouths are... -------------------------------------...