Posted 2/21/2024, 6:10:00 PM
Germany Faces Looming Worker Shortage Due to Aging Workforce, Prompting Calls for Delayed Retirement and More Immigration
- Germany facing major worker shortage due to aging population; could lack 7 million skilled workers by 2035
- Economy Minister says worker shortage has reduced Germany's economic growth potential from 2% in 1980s to 0.7% now
- Proposes financial incentives for older workers to stay in workforce longer to help address shortage
- Says Germany needs more immigration and must become more "immigration friendly" to bridge workforce gap
- Nationalist AfD party polling at record highs, showing Germans divided on increased immigration