The solution to labour shortages is higher wages

Advertisement

According to the Australian Trucking Association (ATA), Australia is facing a serious shortage of truck drivers, which threatens the economy:

An ageing workforce and preconceptions about the transport industry are helping create a nationwide truck driver shortage that has serious implications for Australia’s economy.

In Victoria alone, it is estimated up to 5,000 additional drivers are needed to help meet shortfalls…

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.