4 ms·
Like lkrubner already points out, the cause and effect is probably the opposite of what a lot of people think. We may think apprenticeship means business is tre
by nichtich 12y ago
Like lkrubner already points out, the cause and effect is probably the opposite of what a lot of people think.
We may think apprenticeship means business is treating its worker well, "investing" in them. But what did the workers really get? Here's a graph: http://www.businessinsider.com/core-unit-labor-costs-in-germany-2011-11 http://www.businessinsider.com/core-unit-labor-costs-in-germ... Seems being a German worker is not that great?
I'll let Michael Pettis explain it: http://www.foreignpolicy.com/articles/2013/05/07/no_the_spanish_can_t_be_more_german_eurozone_saving http://www.foreignpolicy.com/articles/2013/05/07/no_the_span...
- lispm 12y agoThe labor costs were for a long time kept a bit low - together with the unions - to get rid of mass unemployment and the effects of the German reunification - 20 million people from a collapsed society added overnight. You can see the result during the financial crisis: employment was going up, not down. The workers and the unions actually got something back from the companies: job security in difficult times.