Australia To Face Unprecedented Worker Shortage, Says Think Tank

Job vacancies were found to have increased by 235 percent between May 2020 and May 2023,

A waitress is seen delivering cutlery at a cafe in Sydney, Australia, on Jan. 3, 2021. Jenny Evans/Getty Images

Australia is currently facing an unprecedented worker shortage that is deeply entrenched in the economic system, says free-market think tank the Institute of Public Affairs (IPA.)

In a mid-September IPA report, job vacancies were found to have increased by 235 percent between May 2020 and May 2023, and 1 in 4 Australian businesses had trouble finding staff.