A skill shortage occurs when there are not enough qualified workers to fill available jobs in a specific industry or sector. This can happen due to various reasons, such as a lack of training programs, an aging workforce, or rapid technological advancements that create new job requirements. Skill shortages can lead to increased competition for talent, higher wages, and delays in project completion. Industries like technology, healthcare, and construction often experience these shortages, impacting their growth and productivity. Addressing skill shortages typically involves investing in education and training initiatives to better prepare the workforce for current and future job demands.