BERLIN, June 19 (Xinhua) -- Some 36 percent of self-employed people in Germany are thinking about emigrating, according to a survey by the German Economic Institute (IW) published on Wednesday, with most citing "excessive bureaucracy" in Europe's largest economy.
Although there is a high demand for external specialists in Germany, 27 percent want to give up their self-employment altogether, according to the survey of 6,300 people. Among highly qualified IT specialists, the share was particularly large.
"The enormous bureaucratic burden and the associated legal uncertainty represent a considerable hurdle for many self-employed people to continue their activities in Germany," said IW director Michael Huether, warning against jeopardizing the country's ability to innovate.
According to an estimate by the German Chamber of Commerce and Industry (DIHK), around 1.8 million jobs were unfilled in late 2023. Staff shortages were reported for the entire economy and extended across almost all sectors and professions.
"The skilled labor situation remains very critical," said DIHK deputy managing director Achim Dercks, adding that "many companies are looking to the future with concern."
The lack of skilled workers has already significantly impacted the economy. According to an IW study from May, the German economy will lose production capacity worth 49 billion euros (52.4 billion U.S. dollars) this year as a result of labor shortages. With baby boomers gradually retiring, losses are expected to reach 74 billion euros by 2027. (1 euro = 1.07 U.S. dollar)
