Gig economy could lead to a labour shortage…but better off workers

gig economy workerThe long-term impact of COVID-19 on the economy (and the gig economy) will not be clear for some time. But in the UK, the easing of pandemic related restrictions has coincided with significant labour shortages and the driving up of wages. Statistics show that wages have risen 7.4 percent in the past year, and the number of job vacancies has continued to rise (up to 953,000 in July 2021). Those vacancies have appeared amid continued travel restrictions from abroad, and the prolonged furlough scheme, which is keeping over 1 million people tied to employers that don’t have work available for them. More →