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Not really. Germany and Switzerland have managed to maintain high wages and high standards of living in a globally competitive manufacturing sector. The idea
by CPLX 10y ago
Not really.
Germany and Switzerland have managed to maintain high wages and high standards of living in a globally competitive manufacturing sector.
The idea that all this change is inevitable or impossible to avoid and we can't pay workers properly is just bullshit, it's the messaging of a multi-decade well financed public relations effort by people in the U.S. with a vested interest in making the public believe it.
- atqtion 10y agoGerman megacorps do just as much manufacturing in developing economies as American megacorps. The Mittelstand doesn't do the sort of manufacturing that the rust belt did 40 years ago. These smaller firms existing today only because of big disparities in quality between their products and cheaper competitors. They benefit enormously from the German government's investment in applied research. https://www.asme.org/engineering-topics/articles/manufacturing-processing/how-does-germany-do-it https://www.asme.org/engineering-topics/articles/manufacturi...
- datatan 10y agoWorse, they say this while giving them selves multi-million dollar salaries and stock bonuses worth billions. It's outrageous. We're told we're replacable, that theirs third worlders that can do what we do for less but somehow the executive is a unique snowflake worth billions of dollars. I watch VP's get million dollar bonuses while laying off workers. I watch execs outsource whole departments, watch quality tank, and they get millions. The center can not hold. It will come crashing down.
- dilemma 10y agoGermany has the largest low wage sector in Europe. Switzerland doesn't have competitive manufacturing.