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Isn't this an advantage? Why should a rich country keep its industry and salaries flat for so long?
by thiago_fm 3y ago
Isn'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?