Proganda shit! Germany has in oft the biggest low deployement sector in Europe.
"Germany has in oft the biggest low deployement sector"
no idea what your saying
Why Germany Still Has So Many Middle-Class Manufacturing Jobs
31–40 of 149 posts
Re: Why Germany Still Has So Many Middle-Class Manufacturing Jobs
#32The HBR article cites the high inheritance tax in the U.S. as reason for the low number of middle class jobs. But, to the contrary, today the inheritance tax in the U.S. is lower than in Germany.
I'm not sure that's right, the German max rate is lower, though it might kick in at a lower level.
Regardless of the rate, there are big exemptions for the transfer of businesses in Germany that definitely give the the advantage in that specific case.
Re: Why Germany Still Has So Many Middle-Class Manufacturing Jobs
#33Maybe the globalized world at any one time can only sustain one Germany with it's hidden champions. But ofcourse it's easier and well paying to travel around the world and tell everyone they can be like Germany too.
Re: Why Germany Still Has So Many Middle-Class Manufacturing Jobs
#34The apprenticeships are particularly important. Many brilliant friends of mine who failed university or even high school did an apprenticeship instead. Among them are CEOs, R&D managers and founders.
This is a model I desperately hope returns in a big way around the world. The modern education-factory model is a post WW2 invention and the quicker we can EOL it the better.
We got so much from the older model and I dare say people lived better lives while studying.
Re: Why Germany Still Has So Many Middle-Class Manufacturing Jobs
#35I have an interesting anecdote to share, couple of years back I was working in an Indian branch of an MNC. The water from the tap on a wash basin had low pressure and it was frustrating to wash your hands but I guess we never complained because in India you just accept such minor inconvenience. One day the VP from the American HQ came to the Indian office and yes he was German, during the intro meeting he talked abou…
I have a similar anecdote except the German in my story fixed the tap himself! I was squarely impressed with the skills an average German has.
Re: Why Germany Still Has So Many Middle-Class Manufacturing Jobs
#36B/c they chased the Jews out in the 40s
Re: Why Germany Still Has So Many Middle-Class Manufacturing Jobs
#37B/c they chased the Jews out in the 40s
Re: Why Germany Still Has So Many Middle-Class Manufacturing Jobs
#38> The high taxes on assets in France and the inheritance tax in the U.S. prevent the accumulation of capital necessary for the formation of a strong mid-sized sector. I am surprised by this assertion. Allegedly family-managed firms can make long term decisions, but those observations are always subject to survivorship bias. At best I would think this issue marginal. (There's also a bias in the statement, as inheritan…
You don't have to hedge, that comment about inheritance tax is literally ridiculous and completely unsupported. The idea that the US has a problem with too little accumulation of intergenerational wealth is patent nonsense.
The idea that the US has a problem with too little accumulation of intergenerational wealth is patent nonsense.
This is different from parent leaving you stock and bonds.
Father dies, leaves company that makes engines to son and $50 million in cash because he has invested most in his company. IRS+State: son, you owe us half+ of what your father left you, or $1.1 Billion. If he borrows half of company's worth that's not going to be a healthy company anymore. So he sells it and selling is not always the best thing for employees.
Edited: If I was made King, I'd look to lower the inheritance to children to say 10% and abolish trusts that fund generations of lazy, spoiled brats living from their great-great-grandfather's money.
Re: Why Germany Still Has So Many Middle-Class Manufacturing Jobs
#39Because German engineering is world-renowned. This much has been known for a good long while. You can take a German bearing of 'low quality' vs. a Chinese bearing of 'high quality' and easily tell that the German bearing is far superior. It only makes sense such engineering capability would result in a lot of manufacturing work in the middle-class range.
You can also get real high quality bearings made in China, but they will not be as cheap, and you will have to verify that you are getting what you asked for.
Can you? Where?
Until this year, China was unable to manufacture ballpoint pens.
"It was a years-long effort that cost millions of dollars and required the leadership of a state-run corporate colossus. It was front-page news, widely discussed on talk shows and celebrated on social media."
...
"China doesn't possess the advanced alloys and machines necessary to make a high-quality pen ball and socket."
https://www.bloomberg.com/view/articles/2017-01-16/china-s-l...
Re: Why Germany Still Has So Many Middle-Class Manufacturing Jobs
#40Earlier quoted context omitted.
You can also get real high quality bearings made in China, but they will not be as cheap, and you will have to verify that you are getting what you asked for.
Therein lies another problem - verification. Quite often, the Chinese simply do not listen to what you tell them (or just can't understand it even when broken down into simple specifications. I've run into this with many Chinese LED manufacturers) and quite often you end up with a product you didn't ask for. I've never had that problem ordering anything from Germany.
Try Taiwan - especially for LEDs. It'll cost more but the QC is much better.