Is it time for companies relying on cheap foreign labour to rethink their business models?

 

Is it time for companies relying on cheap foreign labour to rethink their business models?

In this week’s video insight Andreas discusses businesses that are dependent on the import of cheap foreign labour including those in the construction, agriculture and hospitality industry. Common for all of these industries is that they have historically been relying on foreign workers and are towards the bottom of average wages. Will we see significant labour cost inflation in these industries?

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