Staffing crisis: How does a shortage of skilled labor threaten European economic growth?

Staffing crisis: How does a shortage of skilled labor threaten European economic growth?

Despite its relative stability, the European economy faces a growing structural challenge in the form of a "Labor Shortage". This shortage is not limited to low-wage service sectors but extends to strategic sectors such as engineering, information technology, healthcare, and advanced industries. This situation limits companies' ability to expand and leads to a decline in overall economic productivity, which could negatively impact the quality of life in European cities. Economic analysis of this phenomenon reveals multiple causes for the shortage. First, there is the demographic aging process; European countries are experiencing rapid population aging, with the "baby boomer generation" leaving the labor market while birth rates are insufficient to replace them. Second, there is the issue of "future skills." The traditional education system in some European countries is not keeping pace with the rapid digital transformation, creating a gap between the …