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Germany faces jobs crisis 'of a thousand cuts'
- toomuchtodo 2y agohttps://archive.today/BqD4U https://archive.today/BqD4U
- toomuchtodo 2y agoConversely: > With some 700,000 vacancies currently unfilled, Germany's economic growth potential has fallen to 0.7% from around 2% in 1980s and is set to fall further to 0.5% if the country fails to resolve this problem, Habeck said. > "We lack hands and minds," Habeck said at news conference presenting the government's 2024 economic report, adding that unfilled vacancies were set to rise due to an ageing population. > Official estimates suggest Germany's ageing society will be short seven million skilled workers by 2035. > "It is no longer just about skilled workers," he added. https://www.reuters.com/markets/europe/germanys-shortage-workers-is-biggest-risk-growth-minister-says-2024-02-21/ https://www.reuters.com/markets/europe/germanys-shortage-wor... ("Reuters: Germany's shortage of workers is biggest risk to growth, minister says")
- Rinzler89 2y agoThat all sounds more like "labor is too expensive, we have a shortage of cheap labor". If the shortage of skilled labor would be true, wages would naturally rise but since they don't, then we know the true meaning.