A minimum of 260,000 immigrants per year must be received into Germany over the next 40 years in order to make up for an increase in labor demand as a result of aging population, the latest study revealed.
Raise in retirement age, increased number of women joining the workforce and higher birthrates are some of the critical factors considered by the Bertelsmann Foundation when making this study in line with data from the University of Coburg and the Institute for Employment Research.
The foundation stated that even if the retirement age is set at 70 and men and women are to work at the same rate, Germany will still fall short of skilled labor demand.
Germany's birthrate was at its highest since 1973 in 2016 and is still rising - about 1.6 babies per woman in the country. Also, the country is working towards raising the retirement age to 67, but all of these will not be enough.
EU Migrants Insufficient
Bertelsmann Foundation study revealed that almost 114,000 immigrants per year will flow into Germany from EU countries over the next 40 years representing a shortfall of 146,000 immigrants which must be makeup via non-EU countries. In 2017, a meager 38,000 immigrants came to and stayed in Germany
during the 2017 fiscal year, according to statistics.
While increased immigration into Germany
is expected post-Brexit, it will not make much difference because other EU countries close to Germany suffer the same fate of the aging population.
It is therefore imperative for Germany to move quickly in passing a new immigration law which was approved back in December, the director of the foundation said. When passed, skilled professionals from non-EU countries
will find it much easier for Germany.
Migrants all over the world who want to reside in Germany
will get a better opportunity to do so.
To get your possible Immigration options, approach Immigration News
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