Is there no end to Germany’s jobs boom? What we can do now to meet our skills needs in the future

Employment in Germany has been growing for thirteen years now – the longest phase of expansion of the past 50 years. But the growing skills shortage is raising fears that the jobs boom will soon come to an end as the supply of new workers begins to tighten. These fears are justified as demographic change is set to exacerbate the skills shortage. It is likely to create serious bottlenecks across wide sections of the economy after 2030 unless countermeasures are taken. This paper examines the causes that have made the German ‘jobs miracle’ possible. Based on the findings, the paper makes recommendations to successfully meet the challenges of demographic change.

Is there no end to Germany’s jobs boom? What we can do now to meet our skills needs in the future (PDF, 368 KB, non-accessible)