The labour market is changing
We face a great challenge: although birth rates have risen again slightly in recent years, higher life expectancies combined with declining fertility rates going back decades are causing Saxony’s population to shrink and grow older. The regional head office of the Federal Employment Agency estimates that in the year 2030, there will be a good 328,000 workers too few in the state of Saxony for demographic reasons. During that time, the number of people potentially in employment will fall even further than the population as a whole due to the high number of retirements. For Saxony, that means that there will certainly not be any lack of jobs in future, but there may well not be a sufficient number of people available to carry out those jobs. The current challenge thus lies in meeting this need for skilled workers, ensuring that people who are capable of work remain so, and adjusting their skills as necessary to meet the rising demands in terms of qualification levels. In addition to this, global megatrends – such as increasing digitisation, structural change and workers’ changing values – continue to radically alter the basic conditions on the Saxon labour market.