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Seminar Paper, 2018
12 Pages, Grade: 2,0
Shortage of skilled workers is unaffected by the economy and always an issue especially in the light of trends as technical progresses, globalization, the economic structural change and also demographic trends. In Germany in the next few years because of the current demographic trend a decline in the labor force potential is expected. Workforce declines despite rising labor force participation and immigration. Furthermore, in conjunction with the recently improved employment situation a trend towards an employee market could become established in the near future. On the one hand companies would increasingly compete for employees with sought after skills and competencies. On the other hand wages are rising in tight labor market segments. Beyond if effective adaptation mechanisms like changes in educational choices, occupational mobility and wage increases do not come to fruition in some areas of the German economy the labor could become scarce. The fear of sustainable bottlenecks increased by the fact that it is already being challenged in certain regions and areas of activity with significant recruitment problems.
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