Germany: Help Wanted
“While much of the European Union grapples with high unemployment, spending cuts and austerity, Germany’s economy, Europe’s largest, has outperformed the EU average. Over the years, as corporate profits have improved and industrial production has grown, Germany has identified a shortage of information technology specialists, doctors and engineers. Among the main reasons for this shortage are an aging population and low birth rates. About 2 million skilled workers will be needed to avoid labor shortfalls that could force German companies to leave the region, resulting in the loss of billions of euros in revenue. Labor experts believe the solution lies in workers emigrating from Eastern Europe and Spain, regions that are struggling economically and are producing a surplus of skilled workers.
In May 2011, Germany opened up its labor market to the eight countries that joined the EU in 2004, ending a seven year waiting period imposed on those new members...”
Excerpt from per Concordiam Staff, “Germany: Help Wanted,” per Concordiam: Journal of European Security Defense Issues 3, No. 1, 2012: 62-63.
This article reflects the views of the author and are not necessarily the official policy of the United States, Germany, or any other governments.