Professor Rowena Gray contributes as WalletHub's Ask an Expert on the current labor market and economic impact.
In order to get more insight into the current labor shortage, WalletHub turned to a panel of experts with five questions.
- Why do employers have difficulties in filling employment positions?
- What are the main factors that are influencing the high turnover rates in the labor market?
- What will be the economic impact, if any, of this trend?
- How can employers attract and retain employees during this troubling period?
- In your opinion, will this imbalance in the labor market continue to be an issue throughout all of 2022 or will it get solved faster?
Read Professor Gray's responses to these questions here