3 ms·
This was more in context that Germany is underpaying its employees, i.e. the salaries are similar to France with much higher productivity, average pensioner get
by bitL 7y ago
This was more in context that Germany is underpaying its employees, i.e. the salaries are similar to France with much higher productivity, average pensioner gets less than somebody in Italy would get, and even Austria has higher wages now; not to mention Switzerland where wages are usually 2x higher. The theory was that if Germans were allowed to earn more, that would in turn propel economy; instead they are forced to save for worse times, companies/banks are super conservative in the time of expansion and not sharing any wealth, keeping their export advantage with stabilized cost of labor, leading to unnecessary suppression of growth that could have happened with increased domestic consumption.
- ChuckNorris89 7y ago>This was more in context that Germany is underpaying its employees Yep, at least in tech, German salaries are stupidly close to Eastern Europe now. All this because in EE the free market kicked in and did it's thing, forcing employers to compete for talent while German companies artificially cap salaries to fixed grids while complaining there's a talent shortage and pushing for immigration instead of wage increases.
- Throw_Away_3278 7y agoWhat are fixed grids?
- ldp01 7y agoHe probably means a table of standard ranks and salaries.
- deleted 7y ago[deleted]