The United Kingdom(UK) has a job problem. There just aren’t enough workers to keep its economy to move forward. Many employees are growing angry about inflation taking large sum out of their paychecks.
The problem worsened on Tuesday. Because thousands of rail workers went on strike over demands for better pay and working condition. It’s the biggest railroad strike in 30 years. Further they have scheduled the strikes for Thursday and Saturday.
A separate strike by underground workers of London also stopped the tube services.
Railway strikes could continue for months. The National Union of Railway, Maritime and Transport Workers has said, and teachers, nurses and other workers could leave. As their wages fall behind due to increasing inflation rates. They expect to rise above 11% later this year.
A summer of strikes would deal a heavy blow to an economy that has tipped in the opposite direction. But activity was already decreased in sectors such as aviation, hospitality and social services. Due to a record number of vacancies – 1.3 million at the last official count.
The gaping labor gaps between industries have limited companies’ ability to grow and lead to some companies to reduce services. Last week, Gatwick, an airport south of London, said it would cut its summer schedule by up to 13% in July and August. As it could not find enough workers.
A staff shortage has forced it to turn away customers. Therefore, Sarkar expects its revenue this year to be 40% lower than in 2021.
