A robot takeover has long been the stuff of science fiction, but digitalization could be key in solving Germany’s labor shortage crisis, as its population ages.
A record 45.9 million people were employed by Europe’s largest economy in the fourth quarter of 2022, the German Federal Statistical Office found. But, while more people than ever have jobs, over half of German companies reported that they were struggling to find skilled workers to fill vacancies, according to German Chambers of Commerce reports from January.
Chancellor Olaf Scholz highlighted digitalization as a priority when he replaced Angela Merkel in November 2021, with a three-party coalition contract titled “Daring More Progress” pledging to implement digital technologies across the business world.
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