It was a short business piece this morning by Focus (the German news magazine) which caught my eye.....just a 8-line story about a pretty serious issue....finding workers.
There's a consulting firm (Korn Ferry) which sat down and drilled into all the numbers. Then they came to a crazy but very likely scenario.
They suggest that by the end of the year 2030 (12 years away)....Germany will be short 4.9-million workers.
Loss of revenue, if they fell into play? 525 billion Euro. That's about one-eighth of economic power of Germany.
So you sit and look at the hype often discussed in the media....that people will be replaced in various industries by automation and digitalization. Jobs, as Korn Ferry, discussed this....will still be necessary and a major problem.
Getting more kids into the birth-rate? Well....it's basically too late. These kids facing that reality in 2030 are already five to ten years old. Getting women to have more kids? It's just not changing.
What's left? Immigration. Yeah....the dreaded topic that people hate to bring up.
But if you look at the situation....you'd have to open the door and start a recruitment process rather than an open door for burger-flippers and no-skill people. You'd have to demand people with decent schooling, who could go through the language issues, and then maybe two years of some job-training.
If this scenario were to play out? It's hard to imagine German companies putting themselves into this level of a mess, and not making demands on the political structure for a solution.
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