The socio-political discourse in Germany is dominated by the notion that social policy is primarily a cost factor. Dr Fabian Mushövel and Prof. Dr Anton Hemerijck argue that modern social policy should instead be understood as social investment: a targeted investment that can promote long-term economic growth.
Stock Policies for Economic Resilience
This spotlight focuses on one of the three pillars of the social investment approach: stock policies, i.e. education-oriented measures throughout the entire life cycle. These contribute significantly to increasing productivity and the resilience of the working population – a potential that Germany has only partially exploited so far.
Although there has been progress and stable structures in early education (early childhood education, school, dual training), such as the internationally recognised training system, Germany shows weaknesses in lifelong learning. Social inequalities persist in educational participation, hampering social mobility and economic efficiency. Germany’s weak continuing education structure is particularly critical in international comparison with regard to upcoming transformations and megatrends such as artificial intelligence.
Lifelong learning as a key resource
Against the backdrop of rapid technological change, lifelong learning is becoming a key resource. Without comprehensive, accessible and coordinated continuing education programmes, there is a risk of massive job losses and productivity declines. However, existing governance structures are highly fragmented and difficult to access.
The authors therefore advocate a political paradigm shift: Germany must expand its education policy to include a holistic concept of lifelong learning. Only in this way can the welfare state fulfil its role as a driver of growth.
