World’s Worst Dropout Rate Adds to Headaches for UK Workforce
- Permanent shift toward more people shunning jobs market
- Cash support, excess savings, stress and health issues blamed
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Britain is leading much of the world when it comes to people dropping out of the workforce, not filling jobs despite a historic squeeze on living standards.
That shortage of staff is now causing chronic problems, from travel chaos at airports to coffee chains that have to close shops temporarily. It’s creating headaches for both Prime Minister Boris Johnson’s government and the Bank of England as workers strike for better pay, which officials fear will only drive inflation to fresh 40 year highs.