Why German tradesmen are striking
A lot of Germans see their living costs rising and assume that producers must be earning higher real profits, but that is not necessarily what is happening.
This is, for example, the breakdown in electricity costs. About half goes to the electricity producer. The rest is taxes, government fees and regulation.
Everytime the producers increase efficiency and lower their cost per unit, the government increases their portion. Then the consumer price stays the same or even increases, but the producer's margin shrinks.
It's the same dynamic in farming, manufacturing, engineering, construction, transportation...
Published at
2024-01-12 08:49:51Event JSON
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