3 ms·
You bring up an interesting point that reminded me of an article I read a week ago about how Germany does the exact opposite (with overall better financial impl
by draz 13y ago
You bring up an interesting point that reminded me of an article I read a week ago about how Germany does the exact opposite (with overall better financial implications):
http://www.economist.com/news/special-report/21579145-ingredients-german-economic-success-are-more-complex-they-seem-dissecting http://www.economist.com/news/special-report/21579145-ingred...
"Germany managed to avoid a surge of lay-offs after the financial crisis and has done far better than others at getting the young and the hard-to-employ into work.
How did it manage that? Most explanations heap praise on the Mittelstand model and the system of vocational training. Firms such as Storopack or Rösch take on apprentices, mixing practical training with classroom tuition."
Of course, this is NOT the only reason for their current financial prowess in Europe, but a contributing factor
- afriesh123 13y agoit's also interesting to me that a former economist in the obama administration is writing an article about college grads driving taxis, right around the time the powers that be are trying to implement immigration reform to make it easier to import foreign workers to fill various roles. he seems to be dancing around some obvious conclusions that the job market is (gasp) driven by supply and demand for labor, but doesn't quite reach a conclusion.