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The deindustrialization has begun.
by mutlimind 3y ago
The deindustrialization has begun.
- Timon3 3y agoWhat makes you say that?
- 29_29 3y agohttps://www.theguardian.com/business/2023/feb/24/basf-cut-jobs-energy-crisis-germany-recession https://www.theguardian.com/business/2023/feb/24/basf-cut-jo...
- 29_29 3y agohttps://www.economist.com/business/2022/09/11/germany-faces-a-looming-threat-of-deindustrialisation https://www.economist.com/business/2022/09/11/germany-faces-...
- 29_29 3y agohttps://www.project-syndicate.org/commentary/germany-strong-indicators-mask-loss-of-competitiveness-by-dalia-marin-2023-02 https://www.project-syndicate.org/commentary/germany-strong-...
- senttoschool 3y agoThis just seems like anti-China propaganda, no? The first half of the article blames the Ukraine war. The second half of the article blames China for being more competitive.
- Timon3 3y ago"German Deindustrialization Is Still Looming" - so it hasn't actually begun?
- ltzny10 3y agoArticles like that one and many others: https://www.bloomberg.com/news/articles/2023-06-12/germany-warns-of-industry-shutdown-if-russian-gas-stops-flowing https://www.bloomberg.com/news/articles/2023-06-12/germany-w...
- mutlimind 3y agoWe now have the highest electricity cost in the world. In my city the price currently is at 40 USD cents per kilowatt hour. The policy of the current government is radically anti climate change. Foreighn investments into Germany have plummeted in the last year.
- DeathArrow 3y agoRising energy prices, laws that make industrial products like cars reach prohibitive prices.
- Timon3 3y agoEnergy prices are rising in all of the industrialized world, and cars are reaching "prohibitive prices" everywhere. Does that mean the whole world, not just Germany, is deindustrializing?
- thiago_fm 3y agoIsn't this an advantage? Why should a rich country keep its industry and salaries flat for so long?
- sparkling 3y agoIndustrial companies have been the backbone of the German economy for the longest time. They provided decent living wages for a large section of the blue collar workforce. The reality is that not everyone is built for a office job, not everyone has the skills, education or intellectual capacity to work in a service-based economy. Yet, these folks could make a decent living for themselves.
- Scharkenberg 3y ago"Decent living" for the standards of year 2000 perhaps. Real wages stagnated for a long time while rich got relatively even richer. Furthermore, the structure of the economy has been changing, it's just that Germany is slow to adapt (perhaps more so because of its aging population).
- DeathArrow 3y ago> Yet, these folks could make a decent living for themselves. They should remember the day they are going to vote.
- WinstonSmith84 3y agoLosing jobs ain't really an advantage ... At least, salaries won't stay flat either, there will be none - if you see that as an advantage?