Part 5/8:
The competition for jobs between the public and private sectors has led to increased operational costs for businesses. With 17% of workers in the public sector, private employers are compelled to offer higher wages to attract talent, which inadvertently fuels inflation. The situation is exacerbated by full employment, which, while beneficial in theory, can lead to complacency among workers. Poor job performance can be overlooked, as employees may simply transition to other positions without significant consequences.