So before I show you the rest of the world, what does this mean for Germany? So what we know from this picture is that the labor supply, so people who provide labor, will go down in Germany, and will go down significantly. Now, what about labor demand? That's where it gets tricky. As you might know, the consultant's favorite answer to any question is, "It depends." So I would say it depends. We didn't want to forecast the future. Highly speculative. We did something else. We looked at the GDP and productivity growth of Germany over the last 20 years, and calculated the following scenario: if Germany wants to continue this GDP and productivity growth, we could directly calculate how many people Germany would need to support this growth. And this is the green line: labor demand. So Germany will run into a major talent shortage very quickly. Eight million people are missing, which is more than 20 percent of our current workforce, so big numbers, really big numbers. And we calculated several scenarios, and the picture always looked like this.