Australia will be among the few developed countries in the world, which will face a shortage of skilled workers in the coming years, according to research released this week by the Boston Consulting Group.
The study was conducted on 25 countries, BCG forecasts demand for workforces will soon outdo the supply in Australia, causing a deficit of 2.3 million workers by 2030.
While BCG found Australia’s labor market is projected to grow by an average of 1.02% until 2020, after this time, the operational problems with a labor market attempting to keep pace with a growing economy will cause the trend to converse.
“Based on current drifts and a do-nothing scenario, we would have to see GDP fall to just 3% over many years to avoid a labor crunch,”. “That’s clearly not an answer.”
If the trend in Australia is going to change in such a short span of time, it will be a great opportunity for skilled workers, who want to migrate to the country with vacuum for skilled workers. Thus immigration to Australia can be really rewarding for skilled people.
Job seekers who are looking to migrate to Australia, should tighten up their shoes and get ready to hunt for the jobs they so badly want. With so many opportunities up for grabs, the deserving candidates, won’t find it difficult to get into coveted organizations.