8. Concluding remarks I have come to thi&..that although many things can be known to be complex, nothing can be known to be simple. - Bertrand Russell, My Philosophical Development In this book we have sought to emphasize the great importance of understanding labour shortages by occupation in a global context. Labour shortages in certain occupations have been recognized as a problem in times of expansion as well as contraction. If labour market information can be used to determine actual as well as potential labour shortages, individuals will be able to make more informed education and career choices. Such information can also guide many aspects of governmental educational, training and immigration policies. Given the emergence of global markets and global production, we felt that it was necessary that studies of occupational shortages be global in scope. Countries seeking qualified workers have been drawing from a worldwide talent pool. Evidence of this phenomenon can be found in the immigration policies of countries experiencing worker shortages in certain occupations. The problem of identifying labour shortages by occupations has been a slippery one for economists because labour shortages cannot be measured directly in the same way wages can be. Unfortunately there is no generally agreed upon method for measuring labour shortages. An attempt has been made here to develop a methodology which has been used to measure labour shortages in 19 countries reflecting geographic diversity as well as various stages of economic development. The raison d’8tre of our effort in this book...
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