# How Labor Shortages Restrain Economic Growth

- Original post: https://www.twitter.com/i/status/2120855205990592523
- Source account: [@silupescu](https://x.com/silupescu)
- Source language: Russian
- Target language: English
- Duration: 1:42
- Published: 2026-11-12
- Machine translated. Check the original before quoting.
- Canonical URL: https://www.translate.mom/transcript/1YH6f0WqW9G7/en/how-labor-shortages-restrain-economic-growth
- Original-language version: https://www.translate.mom/transcript/1YH6f0WqW9G7/ru/%D0%BA%D0%B0%D0%BA-%D0%BD%D0%B5%D1%85%D0%B2%D0%B0%D1%82%D0%BA%D0%B0-%D0%BA%D0%B0%D0%B4%D1%80%D0%BE%D0%B2-%D1%81%D0%B4%D0%B5%D1%80%D0%B6%D0%B8%D0%B2%D0%B0%D0%B5%D1%82-%D1%80%D0%BE%D1%81%D1%82-%D1%8D%D0%BA%D0%BE%D0%BD%D0%BE%D0%BC%D0%B8%D0%BA%D0%B8.md

## Transcript

[0:00](https://www.translate.mom/transcript/1YH6f0WqW9G7/en/how-labor-shortages-restrain-economic-growth) What continues to hold back economic growth is a shortage of workers.

[0:04](https://www.translate.mom/transcript/1YH6f0WqW9G7/en/how-labor-shortages-restrain-economic-growth?t=4) As long as there were workers available in the economy, it could grow quickly by increasing the number of people employed.

[0:11](https://www.translate.mom/transcript/1YH6f0WqW9G7/en/how-labor-shortages-restrain-economic-growth?t=11) But as early as 2024, this source of growth had nearly dried up.

[0:16](https://www.translate.mom/transcript/1YH6f0WqW9G7/en/how-labor-shortages-restrain-economic-growth?t=16) Uh, you can see that in the very low— low unemployment rate.

[0:21](https://www.translate.mom/transcript/1YH6f0WqW9G7/en/how-labor-shortages-restrain-economic-growth?t=21) Naturally, economic growth has also become more subdued, so it can continue to grow through increased labor productivity.

[0:30](https://www.translate.mom/transcript/1YH6f0WqW9G7/en/how-labor-shortages-restrain-economic-growth?t=30) As I said at the beginning, growth rates there remain low for now.

[0:34](https://www.translate.mom/transcript/1YH6f0WqW9G7/en/how-labor-shortages-restrain-economic-growth?t=34) Yes, you can cite plenty of individual examples that suggest there are layoffs.

[0:40](https://www.translate.mom/transcript/1YH6f0WqW9G7/en/how-labor-shortages-restrain-economic-growth?t=40) Yes, there are layoffs at companies in woodworking and ferrous metallurgy.

[0:45](https://www.translate.mom/transcript/1YH6f0WqW9G7/en/how-labor-shortages-restrain-economic-growth?t=45) Major automakers periodically switched to a four-day workweek.

[0:50](https://www.translate.mom/transcript/1YH6f0WqW9G7/en/how-labor-shortages-restrain-economic-growth?t=50) And layoffs and shutdowns are, of course, always very painful, but they are becoming less frequent.

[0:56](https://www.translate.mom/transcript/1YH6f0WqW9G7/en/how-labor-shortages-restrain-economic-growth?t=56) The low point in the slowdown of demand and economic activity even in these industries was passed, in our assessment, early this year, in Q1.

[1:05](https://www.translate.mom/transcript/1YH6f0WqW9G7/en/how-labor-shortages-restrain-economic-growth?t=65) Meanwhile, companies are still actively looking for new staff in nonferrous metallurgy, the chemical industry, pharmaceuticals, industrial construction, logistics, and trade.

[1:17](https://www.translate.mom/transcript/1YH6f0WqW9G7/en/how-labor-shortages-restrain-economic-growth?t=77) In all these core industries, there are still more companies that say they don't have enough employees than those with enough workers or some who are underemployed.

[1:29](https://www.translate.mom/transcript/1YH6f0WqW9G7/en/how-labor-shortages-restrain-economic-growth?t=89) What's happening now is a movement of workers from some companies and industries to others, where those workers are in greater demand.

[1:37](https://www.translate.mom/transcript/1YH6f0WqW9G7/en/how-labor-shortages-restrain-economic-growth?t=97) This, by the way, is one of the main ways to boost productivity.