Germany Faces Workforce Challenge as 19.5 Million Baby Boomers Retire by 2036

The impending retirement wave threatens economic stability unless workforce gaps are filled through immigration and extended employment.

An estimated 19.5 million Baby Boomers will retire in Germany over the next twelve years, significantly reducing the workforce.
Only 12.5 million younger workers are expected to enter the job market by 2036, creating a potential shortfall.
The Institute of the German Economy warns of increased social conflicts and economic strain if the workforce gap is not addressed.
Efforts to attract foreign skilled workers face challenges, including visa delays and recognition of foreign qualifications.
Policymakers are urged to incentivize continued employment past retirement age and optimize current workforce participation.