• Old tell young: work harder

    “Work is no pony farm,” Andrea Nahles, head of the Federal Employment Agency warned the younger generation recently in a statement that went viral on social media. The comment can be translated in English as “Work is no walk in the park” and the former Social Democratic Minister of Labour indicated that the young should prepare to work more.

    But they don’t want to. What they want is a better work-life balance. In a survey last year, 57 percent of young people between 16 and 29 said that their private life was more important to them than their professional career.

    With the retirement of the “boomer” generation, Germany will face a lack of seven million people from the workforce by 2035. This also poses a challenge to the financing of the pensions. The state is likely to fund large parts of the difference – and someone needs to pay taxes for this.

    This article is part of the "Tensions over pensions" edition
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