Germany is the epitome of a first-world, highly industrialized nation. Its working age population is declining and the fertility rate is below replacement level. Talent shortages, particularly for highly skilled, well-trained workers, are a persistent complaint due to high levels of competition for the limited pool of available workers.
Germany’s case is continued in other developed nations. The most extreme case is in Japan, where 90 percent of hiring managers reported difficulty finding qualified talent for open positions. With more and more skilled workers aging out of the workforce, finding replacements is a palpable challenge.
Ethiopia, on the other hand, is a nation routinely held up as a volatile and developing country. It has an extreme youth bubble typical of African nations, with a major portion of its total population not yet in the workforce and a high national fertility rate. Talent shortages are present now due to the unavailability of a deep pool of well-qualified workers, and the education-business disconnect is likely to hit the millions who are coming from under the youth bubble into the workforce.