This report is part of a suite of research projects entitled 'A well-skilled future: Tailoring VET to the emerging labour market' conducted by a consortium of researchers from the National Institute of Labour Studies and the Centre for Post-compulsory Education and Lifelong Learning. This report aims to clarify the term 'skill shortage' and to explain how skill shortages can be resolved naturally by market forces. It also provides some guidance on determining when a skill shortage requires public-policy intervention.
NCVER