Fachkräftemangel

Fachkräftemangel refers to a shortage of qualified professionals in specific industries or skilled trades. This occurs when the demand for specialized workers exceeds the available supply, often due to demographic changes, insufficient training programs, or declining interest in certain careers. It can lead to slower economic growth, increased costs for businesses, and difficulties in maintaining service quality. Addressing Fachkräftemangel typically involves improving education, training, and immigration policies to attract and develop the necessary expertise.