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As the world entered the twenty-first century, global skill
shortages in many occupations were evident throughout the world.
While these were mitigated by a global recession, there is no
generally agreed upon method for measuring these shortages. This
book discusses various theories for measurement. Using data
collected from 19 developed countries in North and Latin America,
Europe, and the Pacific region, the authors explore various aspects
of skilled labor shortages, develop a methodology of measuring
shortages by occupation, and provide estimates of the likelihood of
the occurrence of such shortages. They develop labor market
indicators which measure the degree of shortage or surplus in
different occupations. The study covers as many as 49 occupational
groups, although the number varies by country. The indicators are
compared to anecdotal reports about shortages in the countries
studied as well as correlated with various economic, political and
institutional indicators. Some occupations such as CEO's, health
professionals and computer scientists were common across many
countries studied and part of a global shortage. Scholars,
government officials, students and corporate and union
representatives concerned with employment, labor and training
policies and issues will find the data and analysis in this book a
valuable addition to their knowledge.
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