Economics class: UK haulage industry forced to train army of homegrown drivers to cope with Brexit
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Click to read the article below and then answer the questions:
Explain what is meant by a zero-hours contract?
With reference to the chart, calculate the percentage increase in the median hourly wage for HGV drivers from 2020 to 2023
Using a factor market diagram, analyse how excess demand for HGV drivers leads to an increase in the wage rate
Explain the knock-on effect of rising wages for HGV drivers for mechanics in the haulage industry
Identify the policies which have been introduced by the government in response to the acute driver shortage
Identify the factors which mean that the haulage industry is no longer racing to keep up with demand
Gavin Clarke, Emmanuel College