Skilled labor shortage is slowing down the economy: Herrenknecht criticizes the federal government

Skilled labor shortage is slowing down the economy: Herrenknecht criticizes the federal government

Martin Herrenknecht, the managing director of the tunnel boring machine manufacturer Herrenknecht, has sharply criticized the federal government's economic policy. He emphasized that politicians should not discuss issues such as double names or gender, but rather take a close look at the current economic situation. Herrenknecht particularly emphasized the shortage of skilled workers, which is significantly limiting economic growth. The difficulties in filling vacancies in a timely manner are an increasing problem because there is a shortage of engineers and qualified workers.

In order to support the economy, Herrenknecht argues that the federal government should primarily improve the infrastructure. In addition, defense must be strengthened and social spending in the federal budget must be made more moderate so that it is proportional to the performance of the national economy. This would free up funds to specifically stimulate the economy. According to Herrenknecht, the relationship between social spending and economic performance in Germany is out of balance, resulting in insufficient support for the economy. He sees the need to regain the ability to assess economic issues.

The Herrenknecht boss made clear the urgency of addressing the current challenges, particularly with regard to the shortage of skilled workers and the necessary investments in infrastructure. The government needs a targeted and comprehensive strategy to strengthen the competitiveness of the German economy and secure long-term growth. Herrenknecht calls for a coherent economic policy that focuses on the needs of companies and the long-term development of Germany as a business location.