Economy in the region: Award and Changing challenges!

Economy in the region: Award and Changing challenges!

In times of economic uncertainty and demographic challenges, the economy in Germany has to deal with stagnating growth figures. According to a current report of the Southern German Germany ranks as a business location in 20th place. Only the Munich region can shine with a better position here. The high losses of jobs in the Bavarian industry are particularly worrying, where around 2,000 jobs are lost per month.

The award ceremony in the district of Bad Tölz-Wolfratshausen illustrates the current challenges and opportunities of the regional economy. District Administrator Josef Niedermaier (Free Voters) emphasized the need for confidence and error acceptance at the award ceremony in order to emerge strengthened from the crisis. The award winner, EHGARTNER GmbH, is an exemplary company that has been managed by Andreas and Markus Janka in the third generation since 1960. With around 150 employees, 60 vehicles and over 3000 containers, the waste disposal company has developed a solid position.

Demographic change as a challenge

Another factor that contributes to the more tense situation on the labor market is demographic change, which has a significant impact on the pension system and the availability of workers. According to the Institute for Labor Market and Vocational Research a significant decline in the employment population is predicted by 2035, and not too short: up to seven million workers could be lost. The number of younger, employable people decreases while the baby boomer generation is retiring.

The age structure in particular is a bottleneck that younger generations cannot cope with. By 2030, the employment population will be expected from 45 million in 2020 to only 40 million, which could tighten the discrepancy between supply and demand on the labor market. This is already noticeable in Bavarian industry. Higher requirements for flexibility and training become reality for many employers.

A ray of hope from the region

Raiffeisen Ware Oberland GmbH, also awards of business prices, shows that despite these challenges, successes are also possible. With around 100 employees and a wide range of over 30,000 products in stock, the company has developed into an important player on the market from the Raiffeisenbank founded in 1908. The company's turnover has increased from 1.3 million D-Mark in 1970 to 43 million euros today. Manfred Gößl, general manager of the IHK for Munich and Upper Bavaria, commented on the economic situation with pessimistic tones, but at the same time demands more personal responsibility and freedom for companies.

The challenges that demographic change brings with it cannot be ignored. Forecasts from Federal Statistical Office show that the number of nurses and other specialists could drop dramatically by 2049. After all, the proportion of older workers has increased considerably in recent years, which shows that work is also open in many industries. However, innovative solutions such as flexible working time models and targeted integration measures could offer ways to alleviate the shortage of workers.

Overall, it is necessary that politics, companies and society work together to counteract the challenges of demographic change and the stagnating economic situation in the country. Only together can we stabilize the labor market and secure a positive development for the coming years.