Demographics

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Elderly People

Fewer children are born in Germany today than in the past. Between 2000 and 2019, the population in Germany increased only very slightly. At the same time, the German population is aging: the average age in 2019 was 44.5 years. This means that around 30 percent of the population is between 40 and 60 years old. This generation will gradually leave the labor market. However, if the birth rate remains the same, the younger generation will not be able to replace the retired employees. In the long term, this represents a challenge for companies in the country, which are training fewer and fewer people and will be able to employ them in the future. Germany needs skilled workers: In addition to greater involvement of women,

The number of employable people
is shrinking – qualified personnel wanted

While forecasts predict around 49 million people of working age for 2020, it will be more than 11 million fewer after 2060. If no countermeasures are taken here, an ever-decreasing number of gainfully employed people will have to bear the rising costs of pensions and health care in the next few years. In addition, companies and administrations are increasingly faced with the challenge of filling their vacancies with qualified personnel.

The consequences of demographic change can be mitigated by activating additional skilled workers at home and abroad. The hidden reserve in Germany includes, for example, well-trained women who are not fully employed, or the 50-plus generation who would like to continue to be professionally active. In addition, the recruitment of international specialists offers good prospects.

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