Skill Shortage
A situation where the supply of workers with specific skills falls short of the demand from employers, driving up wages ...
Real World
The UK tech sector faces a chronic shortage of software engineers — companies like HSBC and Barclays have struggled to recruit enough cybersecurity specialists, pushing annual salaries above £80,000 and forcing some firms to offshore development to India.
Exam Focus
For 'analyse' questions, always link the skill shortage to a specific business consequence such as higher wage costs or delayed growth.
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