Engineers play an important role in the innovative performance and the competitiveness of European countries. The aim of this report is therefore to provide a comprehensive overview of the most important indicators with respect to the European labour market for engineers and to their education. The report covers the 27 European Union member states, the EU applicants Croatia and Iceland as well as Norway and Switzerland. Generally, the indicators show a great heterogeneity between the countries. The extent to which engineers are appreciated appears to differ widely across Europe.
The German labor market is on the verge of a fundamental upheaval. While the number of people in the labor force has risen steadily in recent decades, it is likely to drop significantly as soon as the baby boomers retire.
The demographic transition is confronting Germany with a growing shortage of skilled workers. In a simple, static labor market model, wages in occupations where the demand for labor is high should rise at an above-average rate to restore market equilibrium.