Tag: Skilled Labor

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Economics Trend Watching

Economy in Germany: Skilled Worker shortages costing 86 billion euros per year

Short of Skilled Labour
Germany is looking for workers, 9 million of them could be missing by 2050

According to a new study, nearly 1.9 million skilled worker shortage is costing Germany 86 billion euros each year.

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Economics Trend Watching

Economy in Germany: introducing ‘opportunity card’ to bolster workforce

aufenthaltstitel
German residence permit in check type format (Photo: Piechowski)

Faced with a critical shortage of skilled labor, Germany is planning to introduce an “opportunity card”(its version of a green card). It aims to make it easier for non-EU nationals to come to find work.