Germany needs more immigrants and more child care, because the men and women that immigrate will support the economy and fight inflation.
The economists at the Federal Bank have calculated that Germany needs in the coming years about 150.000 – 200.000 new workers from abroad per year. In its monthly report from April, they state that only then could the German economy maintain its current growth opportunities. “The continuing growth of the labor market can gain stabilization only by increasing the participation of the immigrantsâ€, states the report.
The Federal Bankers consider that the number of workers will decrease by 2020 because of the aging population and the growth potential in Germany will be dampened. In addition, in order to increase the immigration factor from around the Euro-crisis countries, the expansion of child care facilities could attract people with “family responsibilities†more in the labor force.
Their calculations are based on the monetary authorities and support those politicians who advocate for increased immigration and expand the availability of day care centers. Indirectly it can be concluded that the Federal Bank is facing the coalition with a rather critical position.
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