What Effects Do the Realignments in the Labor Market Have for the German Economy?

How Can Germany Remain Competitive?

Political discussions and the media are currently dominated by crises and geopolitical changes. But to ensure that Germany remains competitive in the future, it is important not to lose sight of current megatrends at this time. After all, demographic developments are increasingly challenging companies to find new ways of recruiting and retaining employees.

Andrea Nahles, Executive Board Chair of Germany's Federal Employment Agency, addressed these questions and others, at the Munich Economic Debate:

• What might the recruitment and retention of skilled workers look like in the future?
• What impetus can be expected from the current legislative processes?
• What can companies and the Federal Employment Agency do about this issue?

General Information on the Munich Economic Debate with Andrea Nahles

The event was part of the series "Business Model Germany - Do We Have to Reinvent It?"

Germany's business model will no longer be able to secure prosperity in Germany in the coming years. Until now, we have been a strong export nation with a strong focus on China. Germany has put the country's security in the hands of the U.S. and has preferred to spend its resources on social security rather than on armaments. In terms of energy policy, we have taken a special path and at the same time made ourselves dependent on Russia for supplies. Since the framework conditions have changed radically in a short time, this orientation must be fundamentally reconsidered.

• Which foreign trade partners should Europe look for in a geopolitical constellation where China is increasingly isolating itself?
• How can the competitiveness of German industry be restored in an environment of sharply rising energy prices?
• What does it mean for the economy and society if new priorities have to be set in budgetary policy?
• Is inflation leading to social discord?

Moderator: Judith Wittwer, Editor-in-Chief of Süddeutsche Zeitung

Presentation language: German