Depreciation of the kip and skyrocketing inflation have resulted in labour shortages, impacting the industrial sector, business leaders say. The rising cost of living and comparatively low wages are forcing thousands of Lao nationals to seek employment in other countries so they can earn more money and improve their standard of living, with most seeking jobs in Thailand and the Republic of Korea. President of the Lao National Chamber of Commerce and Industry (LNCCI), Oudet Souvannavong, said recently that the spiralling cost of living has posed a huge challenge for businesses in their search for employees and efforts to boost exports, and that many skilled workers have left Laos for higher paid jobs elsewhere.

http://klse.i3investor.com/web/blog/detail/kianweiaritcles/2023-05-04-story-h-271565856-Low_wages_high_inflation_ramping_up_worker_shortage

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