Having completed studies in the field of computer vision (a key part of autonomous and advanced driving systems), Max Peilas previously could expect to easily find a job at one of Germany’s industrial giants. However, years of stagnation in the largest European economy and increasingly fierce competition from China are now negatively affecting young engineers like him.
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“Usually your application is just immediately rejected,” said the 30-year-old living in Frankfurt. “I had only one job interview. My friends face the same. One of them sent out more than 60 applications.”
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