MINT autumn report: Germany is short of almost 300,000 workers - urgent need for action for financial experts

MINT autumn report: Germany is short of almost 300,000 workers - urgent need for action for financial experts

According to a report by www.tagesschau.de, there is a MINT autumn report from the German Economic Institute IW, which shows that there is a shortage of almost 300,000 workers in MINT professions, including both academics and skilled workers. The report makes it clear that the need for these workers will continue to grow. The largest gaps exist in energy and electrical jobs, and the need for STEM workers is expected to increase significantly in the coming years due to demographic developments.

The fact that the need for STEM specialists continues to grow, while at the same time the number of new students and the level of mathematics proficiency among students is decreasing, may lead to an increased skills gap. The demographic replacement demand for STEM workers will increase by 21,500 people in five years, which could be difficult if there are not enough skilled workers available. It is also pointed out that working conditions in MINT professions continue to be attractive, which could intensify competition for qualified workers.

To close these gaps, the report's authors suggest attracting more women and immigrants to STEM careers. In addition, the education system in general should be improved to promote the potential of pupils and students in STEM subjects. These measures could have a positive impact on the STEM labor market and help reduce the skills gap.

Overall, the increasing skills gap in MINT professions could pose a challenge for companies and the economy. There are indications that competition for STEM professionals may become more intense in the future, which could further influence salary and working conditions in these professions. It’s important for companies to be prepared to adapt to these changing conditions in the labor market.