Alp on Nostr: "... the German Council of Economic Experts warns that the country is facing a new ...
"... the German Council of Economic Experts warns that the country is facing a new normal of low growth and poor economic performance. It estimates that the potential growth rate — the pace at which the economy can expand without overheating — is now just 0.4 per cent, down from an already low 1.4 per cent, because of labour shortages and poor productivity growth."
https://www.ft.com/content/6c345cf9-8493-4429-baa4-2128abdd0337
In Germany, we call "labour shortage" "Fachkräftemangel".
If, despite strong inflation due to money printing, salaries have not increased (not even a little) for 15 years, and instead the social system, as the main artery of corporate subsidies, is becoming stronger, this will inevitably lead to a shortage of skilled workers.
Add to this the tax and bureaucratic hurdles that push entrepreneurship without accumulating debt to the brink of impossibility, and import a few cheap laborers from abroad without fully integrating them into society (but only into the so-called 'labor market'), and there you have it.
Mistakes apparently have to be repeated over and over again because one does not learn from previous generations.
https://www.ft.com/content/6c345cf9-8493-4429-baa4-2128abdd0337
In Germany, we call "labour shortage" "Fachkräftemangel".
If, despite strong inflation due to money printing, salaries have not increased (not even a little) for 15 years, and instead the social system, as the main artery of corporate subsidies, is becoming stronger, this will inevitably lead to a shortage of skilled workers.
Add to this the tax and bureaucratic hurdles that push entrepreneurship without accumulating debt to the brink of impossibility, and import a few cheap laborers from abroad without fully integrating them into society (but only into the so-called 'labor market'), and there you have it.
Mistakes apparently have to be repeated over and over again because one does not learn from previous generations.