The German wage restraint was the reason why the Euro is under pressure. France recently presented it. For the German wage, dumping is the cause for the high current account deficits in the countries of southern Europe. Germany should by raising the pay level to strengthen its domestic demand to replace the weak export countries – including the debt sinners Greece, Spain and Portugal and to restore the competitiveness.
It is an absurd request.
Indeed, despite the moderate growth of the past 13 years, Germany still has the third highest labour costs in Europe. The fact is that labour costs per hour worked in industry in Germany was in 2008 (33.58 Euros) and France (33.23 Euros) are almost identical. While Germany has carried out painful reforms, especially in southern Europe have been living beyond their means. To argue with the wage is so unconvincing. German products are in demand worldwide because they impress with their quality. It is also of German industry managed to occupy niches. In short, do not wage dumping, but excellence and innovation are the foundation of success calibrate German export model.
Work is a valuable commodity
Thanks to the short-time work, the German labour market now is considered extremely well. The economic crisis will survive for now. Thanks to the short-time work, the German labour market now is considered extremely well. Nevertheless, no one knows how things develop is. For workers, this means that no one’s job is secure. Obviously, many German workers are aware of this explosive situation.
That is why many are willing to contribute to job security. This emerges from a recent employee survey. In a representative survey IW Consult to workers were asked some important issues. About a third of respondents would rather give up a revenue increase in favour of the security of their jobs. Shorter working hours in a lower income are 14.3 percent right. One in ten is even willing to forgo up to10 percent of his income.
no comment untill now