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Germany aims to attract 400,000 skilled workers from abroad to Reuters every year

© Reuters. PHOTO PHOTO: The sky in Frankfurt is pictured as the spread of coronavirus (COVID-19) disease continues in Frankfurt, Germany, on January 5, 2022. REUTERS / Kai Pfaffenbach

BERLIN (Reuters) – Germany’s new coalition government aims to attract 400,000 skilled workers from abroad to tackle demographic imbalances and labor shortages in key sectors that are at risk of weakening the recovery of the coronavirus pandemic each year.

“The shortage of skilled workers has become so severe that our economy is slowing down,” Christian Duerr, head of the ruling Free Democrat (FDP), told WirtschaftsWoche.

“Only with a modern immigration policy will we be able to control the aging problem … We need to reach the mark of 400,000 skilled workers from abroad as soon as possible,” Duerr added.

Chancellor Olaf Scholz’s Social Democrat, Duer’s libertarian FDP and Green Ecologist agreed in their coalition agreement to raise the point system for specialists from countries outside the European Union and raise the national minimum hourly wage to 12 euros ($ 13.60) for work. Germany more attractive.

The German Institute for Employers’ Economics estimates that the workforce will be reduced by more than 300,000 people this year because there are more elderly workers retiring than young people entering the labor market.

This gap is expected to increase to more than 650,000 people by 2029, and the accumulated shortage of people of working age by 2030 will be around 5 million. The number of German jobs rose to almost 45 million last year despite the coronavirus pandemic.

After decades of low birth rates and irregular migration, the reduction in the workforce is also a time bomb for the German public pension system, which is taking on a longer life with fewer workers to finance the pensions of the growing mass of retirees. hope.

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