Fachkräftemangel

German

Etymology

Fachkraft +‎ Mangel

Pronunciation

  • IPA(key): /ˈfaxkʁɛftəˌmaŋl̩/
  • Audio (Germany (Berlin)):(file)

Noun

Fachkräftemangel m (strong, genitive Fachkräftemangels, plural Fachkräftemangel)

  1. (economics) skills shortage
    • 2021 April 7, “Fachkräftemangel: Ökonomen fordern mehr Zuwanderung und höheres Rentenalter”, in Der Spiegel[1]:
      Der Fachkräftemangel droht sich laut einer Studie des arbeitgebernahen IW Köln bis 2040 drastisch zu verschärfen. Der Staat müsse schon jetzt gegensteuern, verlangen die Ökonomen.
      The shortage of skilled workers threatens to drastically exacerbate by 2040, according to a study by IW Köln, the business-friendly German Economic Institute in Cologne. The economists insist that the government must take measures to address this now.

Declension

Synonyms

  • Arbeitskräftemangel (labor shortage; broader term)
  • Vakanzzeit (vacancy period; often an indicator of shortage)

Antonyms

  • Fachkräfteüberschuss (surplus of skilled labor)

Coordinate terms

  • Erwerbsbeteiligung (the extent to which the population is active in the labor market)
  • Vollbeschäftigung (a state where everyone willing to work finds a job)
  • Arbeitslosenquote (the percentage of the labor force that is unemployed)
  • stille Reserven (potential workers not officially registered as unemployed but willing to work under certain conditions)
  • Arbeitskräftemangel (a general shortage of workers, regardless of their specific qualifications)
  • Überbeschäftigung (a situation where the demand for labor exceeds the supply, often leading to inflation)
  • Nachwuchsförderung (promotion of young talent)

Further reading