Wonder why the Euro keeps collapsing? D er Spiegel ‘s German-language website cites a new study showing that by 2025, the number of German workers aged 19 to 24 will fall by nearly 5 million, while the number of workers close to retirement will rise by 1.4 million. The aging pattern is most extreme in the former East Germany, although some Western federal states will be badly affected as well, notably the Saar and the Rhineland-Palatinate. In the worst-hit region, Mecklenberg-Pomerania, the number of young labor market entrants will drop by 55 percent by 2015.
A spokesman for the Berthelsman Foundation, which sponsored the study, said that “it will become increasingly difficult for employers to find a sufficient workforce.” How about finding taxpayers to pick up the tab for Greek, Spanish and Portuguese debt?
YOU MIGHT ALSO LIKE
Moral Certitude and the Iran War
The current military engagement with Iran calls renewed attention to just war theory in the Catholic tradition.…
The Slow Death of England: New and Notable Books
The fate of England is much in the news as popular resistance to mass immigration grows, limits…
Ethics of Rhetoric in Times of War
What we say matters. And the way we say it matters. This is especially true in times…
