From an economic perspective, it is beneficial if policymakers invest in the bright minds of tomorrow and create a competitive, innovative and equitable education system in Germany. The Education Monitor - one of the most important studies on education in Germany - shows that Germany can do even better here.
Schools and universities are not producing enough well-educated young people. This is leading to shortages of skilled workers, which are being exacerbated by demographic change and, as a result, falling numbers of schoolchildren and students as the workforce ages. This makes it all the more important for the state to invest in education and provide the best possible training for existing children and young people. The expansion of early childhood education and all-day care at daycare centers and schools will have a particularly strong impact. Good foundations at the start of education benefit later phases of education, when more is learned. At the same time, families can better realize their employment aspirations and thus also contribute to securing a skilled workforce. Through its subsidiary IW Junior, the IW is also committed to expanding economic education.
German Economic Institute (IW)
Due to the ecological and digital transformation, significant parts of the German economy, particularly the industrial sector, are currently undergoing a transformation. This development also extends to the automotive sector, which occupies a vital position in the German economy.
A part-time job that does not detract from their other activities can help young people to acquire competences and practise skills which will later benefit them in the labour market.
Digitalisation and the demographic transition are presenting companies with ever new challenges. This puts pressure on firms to be in a process of constant change, a phenomenon reflected in the growing demands they put on their low-skilled employees.
The degree to which companies in Germany have digitalised their vocational training, if at all, is influenced by a variety of factors.