4 ms·

I don't understand what's going on. On one hand there is 'recession' 'layoffs' , on the other hand there are 'labor shortages'. Strange times.

blitzar 4y ago
> On one hand there is Perhaps there isn't ... The destruction of Europe has been grossly exaggerated.
JPLeRouzic 4y ago
I am not German but I think an oversimplified explanation is that expectations of salaries by employers are so low now, that at the same time: - They do not expect to pay more than ~1.5K Euros per months (sometimes lower) for most usual service or construction jobs. - They do not find people ready to work for ~1.5K Euros per month https://en.wikipedia.org/wiki/Agenda_2010 https://en.wikipedia.org/wiki/Agenda_2010 As WP notes "Some scientists see the wage depression in Germany fostered by the Agenda 2010 as one of the causes of the European debt crisis."
- zaarn 4y ago
  That's roughly it, 1.5K euros is not a lot. If you simply lost your job and went on social benefits, you would get 500€ + Rent from the state, so I don't think for many there is a good reason to have a job paying that low. The inflation is also eating up the savings of many of the lower class, so they're also looking to earn more. The upper management class in germany is however frighteningly conservative about raising wages aggressively.
  - cudgy 4y ago
    The lower class in Germany have savings?
    - zaarn 4y ago
      If you consider the overdraft limit, yes.
- rpadovani 4y ago
  The minimum wage is 2080 euro / month in Germany, so anybody offering you less than that is not following labor laws. The unemployment rate is ~3.0%, so the shortage is not due to salary. The population is growing old, there is a huge influx of high-skilled people, and the young have access to good education: this means that there are a lot of new job created by high earners, but there aren't enough people to work them all.
  - deleted 4y ago
    [deleted]
  - captainmuon 4y ago
    The difference is gross and net. 2080 € for 40 h is the gross wage, and only since last October (before it was 1800 €). I can't say much about low-skilled jobs, but in the last couple of years it has been hard to hire developers and electronics engineers. Not neccessarily due to a lack of people, but because many companies don't want to or can't spend enough money to attract talent.
- snowpid 4y ago
  the average wage in Germany is 3000 EUR without taxes .
  - MagnumOpus 4y ago
    The average _wage_ (Durchschnittslohn).
    - snowpid 4y ago
      grazie
lotsofpulp 4y ago
There exists more than one type of labor, and hence multiple markets for labor.
imustbeevil 4y ago
Different companies are over/understaffed. Different roles are over/understaffed. You could have too many devs and too few accountants, or vice versa.
jacknews 4y ago
'Labor shortage' usually needs qualifying with 'at the price we want to pay'.

blitzar 4y ago

> On one hand there is Perhaps there isn't ... The destruction of Europe has been grossly exaggerated.

JPLeRouzic 4y ago

I am not German but I think an oversimplified explanation is that expectations of salaries by employers are so low now, that at the same time: - They do not expect to pay more than ~1.5K Euros per months (sometimes lower) for most usual service or construction jobs. - They do not find people ready to work for ~1.5K Euros per month https://en.wikipedia.org/wiki/Agenda_2010 https://en.wikipedia.org/wiki/Agenda_2010 As WP notes "Some scientists see the wage depression in Germany fostered by the Agenda 2010 as one of the causes of the European debt crisis."

zaarn 4y ago
That's roughly it, 1.5K euros is not a lot. If you simply lost your job and went on social benefits, you would get 500€ + Rent from the state, so I don't think for many there is a good reason to have a job paying that low. The inflation is also eating up the savings of many of the lower class, so they're also looking to earn more. The upper management class in germany is however frighteningly conservative about raising wages aggressively.
- cudgy 4y ago
  The lower class in Germany have savings?
  - zaarn 4y ago
    If you consider the overdraft limit, yes.
rpadovani 4y ago
The minimum wage is 2080 euro / month in Germany, so anybody offering you less than that is not following labor laws. The unemployment rate is ~3.0%, so the shortage is not due to salary. The population is growing old, there is a huge influx of high-skilled people, and the young have access to good education: this means that there are a lot of new job created by high earners, but there aren't enough people to work them all.
- deleted 4y ago
  [deleted]
- captainmuon 4y ago
  The difference is gross and net. 2080 € for 40 h is the gross wage, and only since last October (before it was 1800 €). I can't say much about low-skilled jobs, but in the last couple of years it has been hard to hire developers and electronics engineers. Not neccessarily due to a lack of people, but because many companies don't want to or can't spend enough money to attract talent.
snowpid 4y ago
the average wage in Germany is 3000 EUR without taxes .
- MagnumOpus 4y ago
  The average _wage_ (Durchschnittslohn).
  - snowpid 4y ago
    grazie

lotsofpulp 4y ago

There exists more than one type of labor, and hence multiple markets for labor.

imustbeevil 4y ago

Different companies are over/understaffed. Different roles are over/understaffed. You could have too many devs and too few accountants, or vice versa.

jacknews 4y ago

'Labor shortage' usually needs qualifying with 'at the price we want to pay'.