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It is well known that Australia has major shortages of workers with appropriate qualifications. This is acting as a barrier to investment and economic growth and could lead to broad wage and price pressures.
Labour shortages causes defers the growth of the Australian economy and companies.
“A lack of staff means that businesses cannot expand production to meet demand. As a result, economic and business growth is slower than it would otherwise be. In effect, skill shortages reduce the speed limit for the economy”.
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