property 20 years lockout, page-32

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demand by business for workers, in western countries, is beginning to outstrip supply.
as the current workforce reduces their participation over the coming years this imbalance will make it increasingly harder for business to replace those workers from a shrunken pool and business will probably respond in the only way that they are familiar with - offering more money to attract labour
govts know this, hence unprecedented immigration levels but for some time there will simply be too few people for too many jobs and wages will thus rise