AI. Germany will lose 800,000 jobs in the next 15 years

The German Federal Employment Agency predicts a loss of 800,000 jobs over the next 15 years due to AI implementation, according to President Andrea Nahles. She highlighted that sectors like service providers and analysts in insurance and banking will be most affected. Despite job losses, Nahles assured that a similar number of new positions will be created. She also noted that economic recovery effects on the job market may not be felt until next summer, as companies await more orders before hiring. Additionally, she warned of a significant shortage of skilled labor due to demographic changes, urging efforts to attract more workers from outside the EU.