10 billion euro per year for further education?

Until 2025, the work of eight million employees may disappear or undergo a complete transformation.

But today, nobody can assess with certainty whether eventually, overall, more or less manpower will be needed, since the shortage of qualified employees will increase, says a recently published report of Boston Consulting Group.

It is only certain that new competences will be required. In order to provide those who are affected by the technological change with these competences, yearly expenses of € 10 bln for “lifelong professional training” will be necessary, according to the BCG experts.

According to the BCG experts there will be € 10 bIn for "lifelong professional training". Credit: Markus Spiske
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