The stay-at-home rate amongst the 18-34 year old age group – those who have moved back or never left the parental home – may well be a crucial missing link in explaining the record number of job vacancies and labour shortages in the developed world.

And the long-run consequences could be dire that could lead to far more persistent labour shortages than many realise, especially at the lower end, and by extension lead to higher levels of inflation for longer.
And with more angry, young people with no hope and a bleak future comes increased unrest and civil strife.

Continue reading “The labour shortage conundrum: What economists are missing in their hunt to explain the record number of job vacancies” →