Earlier quoted context omitted.
This is so German actually. I've been living in Australia the past year (which has a lot of Germans) and twice I helped someone change a flat tyre. Both times a German also came to assist, and both times it was an American who didnt know how to change a flat (there arent that many of them in Aus).
As an American with some German ancestry, I find this to be very embarrassing. (The Swedes in my family can all change a tire as well, including my sister, but the German side is embarrassed.) Americans have become complacent and lazy, with no sense of "know how" or "make do." Hell, kids don't even know how to clean and cook a rabbit, let alone how to catch one with a snare. If the zombie apocalypse ever happened for…
Why Germany Still Has So Many Middle-Class Manufacturing Jobs
111–120 of 149 posts
Re: Why Germany Still Has So Many Middle-Class Manufacturing Jobs
#112Earlier quoted context omitted.
As an American with some German ancestry, I find this to be very embarrassing. (The Swedes in my family can all change a tire as well, including my sister, but the German side is embarrassed.) Americans have become complacent and lazy, with no sense of "know how" or "make do." Hell, kids don't even know how to clean and cook a rabbit, let alone how to catch one with a snare. If the zombie apocalypse ever happened for…
I assure you 99.99999% of Germans don't know how to clean and cook a rabbit.
Re: Why Germany Still Has So Many Middle-Class Manufacturing Jobs
#113> 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. How can you write stuff like that and stay serious?
Re: Why Germany Still Has So Many Middle-Class Manufacturing Jobs
#114Earlier quoted context omitted.
To add to less talked about downsides of the "German boom": Wage suppression has caused the fact that Germany has the largest low-wage sector in Europe. An article in English: http://www.nachdenkseiten.de/?p=18499 > The share of low-wage workers (less than 2/3 of the median hourly wage) rose from 17.7% in 1995 to 23.1% of all workers in 2010. The number of low-wage workers increased from 5.6 million in 1995 to 7.9 mi…
> has the largest low-wage sector in Europe . That's easy, since Germany is also the largest country in Europe (not counting Russia), has the largest number of employees, has a lot of people from East Europe coming for work, ... The alternative would be to move many of these jobs outside of Germany, which sits right next to a lot low-wage countries. The low-wage sector was also expanded, because politics wanted to re…
(2) Germany is the biggest country in EU (EU != Europe), has the largest workforce and, thus, the largest low-wage sector. Yes, that is correct. But it is not "easy", as this Eurostat graph shows:
http://ec.europa.eu/eurostat/statistics-explained/index.php/...
You see Germany in the company with such economic powerhouses as Estonia, Poland, Lithuania, Romania, Latvia - all of them having a bit worse PERCENTAGE of low-wage workers than Germany. This is not someone's perception, or some narrative, these are hard numbers.
(3) You obviously didn't read the articles I've posted. Especially that from Nachdenkseiten as it lists many other issues not widely spoken about in the mainstream media - neither in Germany nor in other countries. It is an analysis from Prof. Dr. Gerhard Bosch (Geschäftsführender Direktor Institut Arbeit und Qualifikation Universität Duisburg-Essen). While we discuss the article published oh hbr.org, which talks about the causes for the success of the German economy, Mr. Bosch mentions the elephant in the room:
> German economic policy continues to be characterised by its excessive focus on exports. As a way of dealing with the euro crisis, the German federal government advises other countries to introduce their own labour market reforms on the model of the Hartz Acts. This policy, however, cannot be applied at will to other countries, since only by abolishing the laws of mathematics would be it possible for all countries to have export surpluses.
Meaning: German model doesn't work for others. And, it only works for Germany because others take a hit while Germany "takes" a surplus.
Yes, German economy/society has it's qualities. But would it be such a "success" without major influence in EU institutions, in ECB, without Euro, with other countries having their currencies (which they can devalue to make their good cheaper and imported - German - goods more expensive), with customs on its goods, with fairer wages in Germany? I highly doubt it.
Re: Why Germany Still Has So Many Middle-Class Manufacturing Jobs
#115Not a single mention of the Euro? If it weren't a member of the Euro, Germany would be deindustrializing with a sky high Deutsche Mark.
https://news.ycombinator.com/item?id=14261923 (I hope I'm linking the right thing).
Germany had a strong Mittelstand (and was indeed struggling with an uncomfortably strong Deutsche Mark) long before the Euro. I suspect it would have worked out.
Re: Why Germany Still Has So Many Middle-Class Manufacturing Jobs
#116Earlier quoted context omitted.
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 n…
Isn't the most obvious way fix to that, to give the government part ownership of the company, but leave control in the hands of the heir? If the heir does well, the company continues as usual, and in case of mismanagement, the government could replace the CEO and the company survives under new leadership.
Maybe have some arrangement that allows the heir to buy the government shares back.
If course the government should take good care of their share and not sell it off to the highest bidder. Unfortunately under the neoliberal doctrine that's been plaguing European politics these last couple of decades, many European governments would try to privatize and sell their shares as fast as possible, putting these companies at risk.
Re: Why Germany Still Has So Many Middle-Class Manufacturing Jobs
#117Earlier quoted context omitted.
This is so German actually. I've been living in Australia the past year (which has a lot of Germans) and twice I helped someone change a flat tyre. Both times a German also came to assist, and both times it was an American who didnt know how to change a flat (there arent that many of them in Aus).
As an American with some German ancestry, I find this to be very embarrassing. (The Swedes in my family can all change a tire as well, including my sister, but the German side is embarrassed.) Americans have become complacent and lazy, with no sense of "know how" or "make do." Hell, kids don't even know how to clean and cook a rabbit, let alone how to catch one with a snare. If the zombie apocalypse ever happened for…
(The US currently consumes 8 billion chickens a year)
Re: Why Germany Still Has So Many Middle-Class Manufacturing Jobs
#118Earlier quoted context omitted.
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 n…
> 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. Exactly, these leeches have to be stopped. And the money could be instead put to some good common like free college, health care leveling the playing field for everyone.
This is purely theoretical, as I am neither rich nor have children, but I take some issue with people saying that kids living off trust funds are "leeches" - it was their parents choice to spend money this way, so what is wrong with that?
Re: Why Germany Still Has So Many Middle-Class Manufacturing Jobs
#119Earlier quoted context omitted.
You're saying that there are only 8 Germans alive who can do it. and 6 of them have a 99.9% chance of dying within 10 years, given that they are 82+ years old. :) On a serious note: A lot of immigrants make a lot of money (relatively speaking) right away since they are jack of all trades and are willing /have to learn. Things that a locksmith would charge you $150 and a plumber $200 and an electrician $xxx an immigra…
The owner, who is German himself.
Re: Why Germany Still Has So Many Middle-Class Manufacturing Jobs
#120I 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…