5 Countries With The Highest Labor Shortages In Europe

1. Greece

Skilled Labor Shortage: 82%

Ageing Population: 23%

The Greek government has recently approved a bill to legalize the documentation of approximately 30,000 undocumented migrants, responding to a pressing labor shortage across several sectors of the economy. This decision is a direct response to the huge departure of workers due to the Covid-19 pandemic, notably affecting industries such as agriculture, tourism, and construction. While opponents express concerns about potential risks and the possibility of encouraging more illegal migration, proponents argue that the legislation will facilitate the integration of migrants into the labor force, generate increased public revenue, and alleviate the current shortage of workers. Greece is the country with the highest labor shortages in Europe. 

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily enewsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also take a peek at 12 Most Innovative Economies in Europe and 15 Most Unfriendly Countries in Europe.