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What We’re Watching: Europe's trucker shortage, Mapuche emergency in Chile, Japan’s military plans

Truck driver shortage across Europe: No, the UK is not the only European country with an acute shortage of drivers to move goods around. Indeed, the entire continent is now desperately in need of more truckers, mainly as a result of soaring demand coupled with less people willing to do a job for low pay and poor working conditions. The situation in mainland Europe is not as bad (yet) as in the UK, where Brexit has aggravated the problem: the army has been deployed to refill gas stations amid backed-up ports and empty supermarket shelves because EU drivers now need visas. Still, the shortage is creating a massive headache for European companies already struggling to keep up with so much pent-up demand. What's more, a new EU-wide law will soon require truckers to be paid the minimum wage in each EU member state they transit through. This is all precisely what the IMF has been talking about this week, when it warned that supply chain disruptions are slowing down the global post-pandemic recovery and driving up inflation.

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