Labor Shortage in the EU
Jon Purizhansky from Buffalo, NY points to a new report by the Vienna Institute for International Economic Studies that shows that, while most of central and eastern European countries have been growing at their highest rates since the global financial crisis about a decade ago, this boom may be overdue to severe shortage of labor in the EU. Global relocation of economic migrants stands at an all-time high in modern history. With Central and Eastern Europe being a large part of the EU, both skilled and unskilled labor has migrated to Western European EU member states. Simply put – if you are a carpenter in Western Poland, then why would you work in Poland when you can make double in Germany, which is just an hour drive away. As Western Europe has been feeding on labor, originating from Eastern and Central Europe, a vacuum of labor has emerged and is growing in Central and Eastern European countries. Central and Eastern European countries, which have been stru...