Financial expert on migration: Germany can only cope with a few immigrants per year

Financial expert on migration: Germany can only cope with a few immigrants per year

According to a report by www.tagesspiegel.de, Saxon Prime Minister Michael Kretschmer is calling for a “substantial reduction in illegal migration” to Germany to “a few tens of thousands” of people per year. He argues that municipalities can no longer cope with the current migration rate. Kretschmer suggests forming a broad commission from society to decide together who comes to Germany and what services can be provided. He also emphasizes that it is too easy to receive state benefits without working and criticized Germany's labor market policy.

As a financial expert, I see several possible impacts on the market and the financial industry. A reduction in illegal migration could mean that fewer state resources are needed for the integration of migrants into the labor market and society as a whole. This could lead to budget savings as fewer resources would be needed for social benefits and integration programs.

In addition, a lower migration rate could have a positive effect on the labor market. By specifically selecting migrants who are easier to integrate into the labor market, companies could benefit from qualified workers. In the long term, this could lead to an increase in the competitiveness of the German economy.

However, measures to limit migration could also have negative effects, especially when it comes to demographic developments and the shortage of skilled workers. If fewer people come to Germany, this could lead to an aging population and a shortage of qualified workers in the long term.

It therefore remains to be seen how the proposed measures to limit migration will be implemented and how they will impact the market and the financial sector in the long term. As a financial expert, I will follow developments closely and calculate and analyze possible effects on the market.