{"id":3003,"date":"2017-03-03T07:00:27","date_gmt":"2017-03-03T14:00:27","guid":{"rendered":"http:\/\/blogs.pugetsound.edu\/econ\/?p=3003"},"modified":"2017-02-28T00:13:56","modified_gmt":"2017-02-28T07:13:56","slug":"not-enough-workers-the-problem-denmark-faces","status":"publish","type":"post","link":"https:\/\/blogs.pugetsound.edu\/econ\/2017\/03\/03\/not-enough-workers-the-problem-denmark-faces\/","title":{"rendered":"Not enough workers? The problem Denmark faces"},"content":{"rendered":"

It’s not often that you see countries have a lack of workers available across the nation, but it is the problem that Denmark has on its hands right now. An article from the New York Times<\/a>\u00a0outlines what the Danes are dealing with currently, but they simply don’t have enough skilled workers available to fill the jobs they need. The unemployment rate is at 4.3%, and has recovered extremely fast after the recession that hit across Europe. If the unemployment rate goes any lower, the country could run into inflation problems. The NYT notes that\u00a0this has occurred before:<\/p>\n

During an economic boom a decade ago, joblessness fell as low as 2.4 percent, igniting an unsustainable spiral of higher wages and prices that the government desperately wants to avoid today.<\/p><\/blockquote>\n

The NYT also notes that the growth overall in GDP is at 1.2%. Very solid but could come crashing down if there are not more workers hired soon. How can employers solve this problem?<\/p>\n

It’s been suggested that refugees could potentially fill the void, but they are not highly skilled enough to take the jobs that need to be filled. Now, some employers have started to look outside of the country. From the NYT:<\/p>\n

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a technology-based education company in downtown Copenhagen that digitizes learning materials for national education systems, opened a satellite office in Ukraine, hiring around 20 programmers.<\/p>\n

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“We wanted to hire in our own country but it was impossible,\u201d said Janus Benn Sorensen, one of the company\u2019s three founders. \u201cWe still have vacant positions here, and we can\u2019t find anyone to take them.\u201d<\/p>\n<\/div>\n<\/div>\n<\/blockquote>\n

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One of the ways <\/a>they are trying to combat the lack of workers is pushing back the retirement age (correlating it with life expectancy). Yet, everyone is being affected. Like the NYT notes, it’s not just small employers facing issues.<\/p>\n

Microsoft\u2019s Denmark operation had trouble recruiting I.T. workers, then struggled to get marketing and sales representatives, said Marianne Dahl Steensen, the company\u2019s general manager in the country. Because of its scale, Microsoft is able to lure skilled foreign workers to Copenhagen, but keeping them is a top priority.<\/p><\/blockquote>\n

As the year goes on, we will find out how Demark faces the issue.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

It’s not often that you see countries have a lack of workers available across the nation, but it is the problem that Denmark has on its hands right now. An article from the New York Times\u00a0outlines what the Danes are dealing with currently, but they simply don’t have enough skilled workers available to fill the jobs they need. The unemployment rate is at 4.3%, and has recovered extremely fast after the recession that hit across Europe. If the unemployment rate goes any lower, the country could run into inflation problems. The NYT notes that\u00a0this has occurred before: During an economic Continue reading Not enough workers? The problem Denmark faces<\/span>→<\/span><\/a><\/p>\n","protected":false},"author":505,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-3003","post","type-post","status-publish","format-standard","hentry","category-economics"],"_links":{"self":[{"href":"https:\/\/blogs.pugetsound.edu\/econ\/wp-json\/wp\/v2\/posts\/3003","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.pugetsound.edu\/econ\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.pugetsound.edu\/econ\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.pugetsound.edu\/econ\/wp-json\/wp\/v2\/users\/505"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.pugetsound.edu\/econ\/wp-json\/wp\/v2\/comments?post=3003"}],"version-history":[{"count":3,"href":"https:\/\/blogs.pugetsound.edu\/econ\/wp-json\/wp\/v2\/posts\/3003\/revisions"}],"predecessor-version":[{"id":3019,"href":"https:\/\/blogs.pugetsound.edu\/econ\/wp-json\/wp\/v2\/posts\/3003\/revisions\/3019"}],"wp:attachment":[{"href":"https:\/\/blogs.pugetsound.edu\/econ\/wp-json\/wp\/v2\/media?parent=3003"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.pugetsound.edu\/econ\/wp-json\/wp\/v2\/categories?post=3003"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.pugetsound.edu\/econ\/wp-json\/wp\/v2\/tags?post=3003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}