German Skilled Labor Gap to Exceed 700,000 by 2029, Study Warns

A new study projects Germany's skilled worker shortage will grow to over 700,000 by 2029, exacerbating existing bottlenecks across sectors. The shortfall is driven by demographic decline and insufficient immigration, posing a structural constraint on German growth. The report underscores a persistent trend rather than a sudden shift, but the scale of the projected gap signals intensifying labor market tightness.