Many countries around the world are facing labor shortages across key sectors, particularly services, technology, healthcare and manufacturing, driven by a combination of factors such as demographic changes, migration and changes in the skills required in the labor market. Governments are considering new measures to urgently address this issue, such as promoting skilled labor training, accepting foreign workers under stricter regulations and investing in automation technologies to increase productivity. Addressing labor shortages is essential to driving economies in the long run and maintaining competitiveness.
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