Germany is threatened with an education crisis: financial experts warn of the consequences

Germany is threatened with an education crisis: financial experts warn of the consequences

According to a report by www.welt.de,

Shortly before the publication of the new PISA results, the education economist Ludger Wößmann warned of the consequences of a failed education policy and described the education crisis as Germany's greatest locational risk. Wößmann emphasized that the education crisis has a direct impact on the productivity of children and young people in society and that education is an essential factor for future integration into the labor market. He also pointed out the shortage of work and skilled workers, which must not be further exacerbated by the education crisis.

Ludger Wößmann's analyzes show that people with academic or professional qualifications have a much lower unemployment rate than those without a qualification. He emphasized that education is the most important tool to counteract the shortage of skilled workers. He also warned that the shortage of teachers would continue to increase in the future, particularly due to migration flows. He suggested that states urgently need to train more teachers and also consider the possibility of supplements for teachers in struggling school districts.

These warnings from Ludger Wößmann are of great importance as they point to the urgent need for high-quality education policies and measures to address teacher shortages. If these issues are not addressed in a timely and appropriate manner, they could have a significant impact on the labor market and the financial sector. It is therefore crucial that policymakers take action to address the education crisis and ensure that children and young people receive the best possible education.

Source: www.welt.de