FRANKFURT (MNI) – The future of Germany’s labor market could be
marked more by a lack of skilled labor than by unemployment, Germany’s
Labor Minister Frank-Juergen Weise, said in a newspaper interview
pre-released Tuesday.

As of 2020 at the earliest, a decade could be on the horizon “that
is not marked by unemployment, but rather from a lack of skilled labor,”
Weise told Germany’s Leipziger Vollkszeitung.

Full employment is not a fantasy if economic, fiscal and social
policy is executed correctly, he said.

Demographics in Germany point toward a further drop in workers,
Weise noted. Immigration is, however, not a panacea, even if targeted
immigration is appropriate in some cases, he told the paper.

“It is our priority to bring work to unemployed people who live in
Germany,” he said.

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