We’ve talked quite a bit over the last several quarters about the nursing shortage in the US that has fueled the sharp climb in AMN Healthcare shares. Now we are hearing the same in Germany, with the root cause serving as a confirming signal for our Aging of the Population investing theme and its global implications.
Germany faces a massive lack of medical care personnel, which means many hospitals are overburdened. Nurses complain that they are too short-staffed to properly tend to their patients. Currently, roughly 1 million people work in the country’s nursing industry. It is projected that 3 million nurses will be needed by 2060, given Germany’s aging population. In late 2015, there were 2.9 million individuals in need of care — by 2030, this figure is expected to rise to 4.1 million.