There are actually two points here. I'd say that businesses are cautious about investment, just as they are for hiring. However, they've suffered so much from the labour shortage in recent years that they're making every effort to retain their employees and not to lay them off. They're also very much aware of the fact that the situation could change in a year or two. The demographics will continue to do what they do. There will always be a need for labour in the short term, but especially in the long term.
On November 13th, 2023. See this statement in context.