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Benzinga
Benzinga
Business
Caroline Lubinsky

Labor Shortages Will Drive Prices Higher in the Coming Years — Policymakers Say Immigration Is The Only Fix

The,Labor,Market,And,Employees,In,The,Labor,Market

The world's leading economics may not have enough workers to drive growth and keep inflation under control and migrant workers may be able to fill in the gaps, policymakers said last month at the Federal Reserve's annual gathering in Jackson Hole, Wyoming. 

The discussion came, according to the Financial Times,  as the several of the countries represented at the Aug. 21-23 Jackson Hole Economic Policy Symposium have seen their populations age, birth rates slow and governments crack down on immigration. 

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