26 November 2010

The new German “Wirtschaftswunder”

The Belgian job magazine vacature.com discusses in one of its recent numbers, the new German “Wirtschaftswunder”. In the article 4 important reasons for this wonder are mentioned: unemployment payment for maximum one year, limited salary raises, installation of flexible working regimes and the creation of jobs with low wages. The result, a decrease of 2.5 million unemployed people in only 5 years time.

Question that we have to ask ourselves: should we follow the German example? “Yes”, is the employers answer, because the measurements been taken, benefit their position to compete. “No”, is the answer of the employees, because the pressure to have a job is higher than ever before and weakens the position to negotiate about job conditions.  Some people see an important threat in this trend, the amount of people who’s earning the minimum wage grows and is this a blessing for the German welfare?  The truth will be somewhere in the middle!



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