News from 2021-02-11 / KfW Research

Coronavirus and structural change threaten jobs – further training more important than ever

Most Germans are not really into continuing their education. This applies to low-skilled workers and those in the low-wage sector in particular. The trend is growing but 60% of the working population did not engage in further vocational education in 2018. Among workers with a low skill level it was 75%. This is of concern because the coronavirus crisis is threatening many jobs and the digital, demographic and ecological structural transformation is requiring workers to be much more adaptable. Further education can also address growing skills shortages. For a culture of lifelong learning it is therefore important to eliminate the deficits in education and professional development.

Coronavirus and structural change threaten jobs – further training more important than ever

The coronavirus crisis and its impact

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Economic Research

Economic Research

Economic development in Germany and around the world, studies on topics relevant to society such as environmental and climate protection, demography, globalisation, innovation and sustainability, impact of KfW promotional programmes.