Germany - no career advancement, 40% income tax, 20% sales tax on everything you buy, homes unaffordable, no possible career advancement - gee, why are people just doing the bare minimum to survive and working part time so they can pursue their hobbies in their free time? I wonder?!
@jamesmurphy94267 ай бұрын
Best viewpoint
@douglasvoigt92687 ай бұрын
Yeah, mostly, but income tax isn't that high -- the various insurances clearly have a function. One can say the US has lower taxes, but if you spend 25% of your income on private healthcare for your family compared to 9% in Germany -- what does "tax" really mean?
@philipgates9887 ай бұрын
@@douglasvoigt9268 most people don’t have health insurance here in the US.
@zxera97027 ай бұрын
Career advancement? how so?
@stevengill17367 ай бұрын
Arme Deutschland! Sounds like a lotta other places in the world.....
@lwwells7 ай бұрын
“Shortage of labor supply” at poor wages. I fixed that for you. Saying wages are “going up” isn’t sufficient if they aren’t meeting the raised costs of living.
@joaodefariajunior71167 ай бұрын
Exactly! For what they are asking...and what they are paying ,are 2 different things....they are asking phd,masters....to pay just above minimum wage..and then they cry "nobody wants to work anymore!" ...add that ,the lack of housing, inflation,bureacracy, living costs....
@juriiboyoka55577 ай бұрын
enginer on boat from Africa , should be help. Bring more this bright young people, they will be hard work, paid taxes, try improve German social benefit system , right, right ? They never be free rider of german wealth
@First-Last_name7 ай бұрын
In the up and up
@cezar39777 ай бұрын
The wages in Germany are pretty good, although they could be better. The real issue is the greedy government legally "stealing" the money trough Lohnsteuer, RV, AV, KV, PV. It's too little "netto" after "brutto". If you add the "Arbeitgeberanteil" in the work costs, you'll realise how much the employer has to pay and how little from it the employee gets. Also the "Steuergesetz" (tax laws or rules) is way too complicated and lacks transparency.
@lwwells7 ай бұрын
@@cezar3977 They ARE better than NL. But NL just feels like a healthier place to be. I suspect that’s subjective though.
@josepedrosantiagosilva96257 ай бұрын
In Europe, there's a growing sense of neglect towards the younger generation. They face lower salaries, longer work hours, and increased responsibilities while witnessing a surge in billionaires, particularly in countries like Germany. The housing market adds to their woes, as property prices soar, making it difficult to afford homes, let alone start families. To compensate, cheap labor from abroad is often favored, leading to frustration among the youth, who feel betrayed. People aren't inherently racist, but this frustration arises when governments prioritize external labor over addressing domestic issues. It's high time politicians acknowledge and tackle these pressing concerns rather than resorting to distractions. The younger generation deserves meaningful change.
@nashiffuadkhan98177 ай бұрын
isnt this how a certain party in germany came into power?
@roberth16877 ай бұрын
"Cheap labor from abroad is often favored." -> I can approve of this. Even in my former software consulting company, where I worked, the testers were from Morocco. In Germany, the companies I applied to then stated that they have workers in Romania and Poland, outsourcing to other EU countries with a lower cost of living than ours.
@TheSpoovy7 ай бұрын
This has been true in the UK since the 1990s, but every time anyone points it out they are dismissed as racist. It's staggering that we still can't find a way to talk about this like adults.
@maxhill92547 ай бұрын
That statement is nonsense. I have had the chance to witness many young people "work". Many of them are not willing to work hard. They think that they can afford a house by doing at best a mediocre job. Well that is not good enough.
@josepedrosantiagosilva96257 ай бұрын
I appreciate your perspective, but respectfully, the issue runs deeper than work ethic. The landscape has changed-professions that once offered stability are falling short, and housing costs are skyrocketing. It's not about expecting a house from a mediocre job; it's about how even hard work doesn't guarantee a break. Jobs that once promised a stable future and ownership now leave many just trying to survive, especially in what are now considered "mediocre" jobs. Let's face the real problem-rising costs and stagnant wages.@@maxhill9254
@luisvasquez50157 ай бұрын
Guy says "people are working less hours" as if it was a problem. Wasn't all the new technology supposed to make our lives easier?
@no_more_spamplease51217 ай бұрын
The problem is competition in the international scenario. Multinational companies can move their operations to countries where people work more productive hours. The consequence is local unemployment. Yes, it's a race to the bottom, unfortunately.
@ehanoldaccount58937 ай бұрын
@@no_more_spamplease5121Without gov. regulation they’re gonna outsource the jobs either way
@blackaugust20357 ай бұрын
Speaking on behalf of greedy employers indeed.
@PMMagro7 ай бұрын
Only the richest peoples lives mind you.
@dgcardoso7 ай бұрын
New technology is to get CEOs higher bonuses and shareholders more billions
@joaodefariajunior71167 ай бұрын
Lack of employees? Are you kidding me ? I've sent almost a 1000 cvs....didn't get hired ....my friends the same...and then someone has the nerve of saying there are not enough workers? Yeah, right
@icosch9297 ай бұрын
lack of companies that hire people with less than 30 years of experience
@comdo8317 ай бұрын
Maybe it's the wrong "skin tan"?
@joaodefariajunior71167 ай бұрын
@@comdo831 I'm not saying it is, but my friend is British whiter than a ghost....I came here, I got a job in less than 10 days....had a great interview....hired! Now you have 6 interviews....then an email ,saying they found a better candidate...next month the vacancy still there....
@rok14757 ай бұрын
Did you apply for bricklayer, welder, garbage picker or truck driver jobs? Or for a high paying light office job with generous benefits?
@joaodefariajunior71167 ай бұрын
@@icosch929 then "blame it on millenials with their avocado toast " ....."nobody wants to work anymore!" ,I kid you not, some jobs put " free water" as perk...
@Realisticautism7 ай бұрын
The government created the decline, then blames workers 😂
@happymelon71297 ай бұрын
More important question to ask .... ---> Why we don't have these chaos/conflict dramas that lead to economic collapse during DT in office ?
@alanssshh7 ай бұрын
American government create that by blowed up the gas pipeline.
@user-kz7zp1xz6c7 ай бұрын
@@happymelon7129 DT? Deutsche Telekom?
@jaorlowski4 ай бұрын
He is not part of the government.
@DemonEyes6227 ай бұрын
Why is it so hard to find a job when no one wants to work?
@abhinashkumar31617 ай бұрын
Mystery
@daha95467 ай бұрын
Because it's BS to begin with.
@elishaa22737 ай бұрын
@gardeningtipsandmore7 ай бұрын
because not working , you are actually better of (rent assistance, food stamps, free healthcare etc.. )
@andreipanait14777 ай бұрын
He was asked 2 times if the salaries were too low. He said the opposite, that he saw an increase overall. Case closed. He is lying believing that he is still living in the 90'
@Madame7027 ай бұрын
Just remember you need to have enough young people to have a consumer economy and to have a good economy, but if you most of your workforce is now retired your economy is going to collapse because there simply no consumption. Which mean a lot of young German workers will migrate again to the United States like they did in the 1840's looking for opportunities.
@thegreenemerald86707 ай бұрын
He did not lie when he said the "wages" are rising. He meant the wages as an economic concept and not salaries. The overall level of wages in the German economy as computed by economists and as a component of economy has been rising over the past year. You can refer to economic statistics published.
@spartaner19287 ай бұрын
What are you talking about? You pick out one statement, and call him a liar. It's pretty odd, plus you're wrong. By the way, the nineties were some of the economically hardest times, as well as the early 2000's. Whatever you're talking about, you've got to clarify, otherwise it makes no sense.
@thijmstickman83497 ай бұрын
I mean the wages are rising, just not as fast as inflation
@romanjanssen48337 ай бұрын
The problem is a lack of supply. Lack of supply in gas, electricity etc. Paying people more will not make gas appear out of nowhere.
@marcoprolo14887 ай бұрын
Not a word on the war in Ukraine and the loss of cheap energy coming from Russia. Blaming the German workers for Germany's difficulties is a joke.
@Welgeldiguniekalias7 ай бұрын
Gas prices are back at May 2021 levels and have fallen very sharply since their peak in 2022. Europe has adapted and no longer needs Russian gas.
@ivannapolsk94217 ай бұрын
@@Welgeldiguniekalias Yeah, after heavy reductions in demand and and creating surplus reserves did they reduce prices. Their economy isn't coming back anytime soon. Investors should not be looking into Germany for the forseeable future unless the country really show significant policy changes.
@mintheman77 ай бұрын
@@WelgeldiguniekaliasThat’s because lack of demand from industries leaving, not a good thing. BASF for example is moving most of its chemical operations to US.
@majidmehmood37807 ай бұрын
german gas prices are not at normal levels, germany import lng which is expensive than ng naturally@@Welgeldiguniekalias
@auldfouter86617 ай бұрын
It was the first thing he referenced !
@habtomtesfamichael60445 ай бұрын
Can Russia be blamed for this as well? Germany has inflicted severe damage upon itself, not just on a minor scale, but to a catastrophic extent, all in service of furthering American interests. This incident unmistakably illustrates the detrimental consequences of being subservient to the United States.
@fredericobreslau44957 ай бұрын
After living in Germany for 10 years with my family, I have decided to leave. Here are a few reasons why. The German tax system seems particularly unfair. It appears designed to discourage women from working, effectively nudging them towards being housewives. For those desiring to start a family, the challenges are manifold. Finding childcare facilities, like 'kitas,' is incredibly tough. Moreover, securing a larger home without exhausting one's entire salary is a formidable task. There's also a discouraging aspect to professional advancement. The tax structure seems to become increasingly punitive with higher earnings. This can dampen one's motivation for career growth. The education system, in my view, leaves much to be desired. It feels antiquated, seemingly more focused on stifling creativity than nurturing it, and tends towards producing conformity rather than encouraging individuality. As for healthcare, it's a mixed bag. Despite paying substantial amounts for medical services, finding timely and effective care can be a struggle. This gives the impression of a healthcare system that's strained, if not outright collapsed. The technological infrastructure lags behind other developed countries. Internet connectivity is often subpar, and there's a heavy reliance on paperwork in many aspects of life. The banking system feels outdated, and the bureaucracy is notoriously cumbersome and widespread. Furthermore, Germany's aging population and the current environment do not make it an attractive destination for skilled foreigners. This situation could lead to broader societal and economic challenges.
@SingularityZ3ro17 ай бұрын
Good reasons. The tax burden and hurdles are insane. I am German, but also made the decision to leave, and build my company elsewhere. And to be honest, that was a life-changing decision in many - positive aspects. There is really not much reason to stay, if the location of your work does not matter anyway. The social security systems are also not a good deal: If you would just put everything you need to pay for your pension etc. and put it into index funds yourself, you would be far better off. If you have an average German salary, you will not be able to survive from what you will get at pension age. And this is today, I think in 25 years people will get nothing anyway. But average people do not have the extra income to invest a lot beside that. The system really feels like it is designed, so people have enough to get by on a daily basis, but to siphon everything else away. But if you really need the system, you will also realize that there is not that much solidarity, even if you paid for it, and never expected anything in return so far. Additionally, self-employed people are systematically disadvantaged in many cases. You get the feeling, the lawmaker does not really like people who are not servants of the state, or employees. Hundreds of thousands of Germans are leaving Germany on a yearly basis to relocate permanently. A significant part highly skilled individuals at their prime in life. No one is talking about that- I always wonder why. So they basically created an incentive structure to drive highly skilled individuals out, and replacing them with mostly unskilled ones, when it comes to the labor market. What really fuels this process now, is that it is far easier to work from anywhere in the world remotely. And additionally, as already stated above, Germany is not the destination of choice for most highly skilled immigrants at working age to compensate for that outflow. And the latest PR with what is happening will not make it more attractive....
@cezar39777 ай бұрын
Excellent comment (and the previous reply too). I have lived 15 years in Germany, became German citizen, but then decide to leave the country. My experience matches almost 100% with yours. The tax system is so appalling. I don't understand why someone earning more than 70K EUR annually would like to live and pay taxes in Germany.
@Neomadra7 ай бұрын
May I ask where you going? I'm genuinely looking for countries where you can get visa and that's actually better than Germany. Looking at all factors I see no country that's clearly better than Germany. Maybe I'm not researching hard enough 😅
@SingularityZ3ro17 ай бұрын
@@Neomadra Well, I think no Country is perfect in every aspect, and it highly depends on your needs and setup. I have been living in Cyprus (EU Part) for almost 3 years now, and like it very much. I like the climate, it is a highly developed economy, and that it is quite international, and English is the second official language here. I think it is a great pick, if you are self-employed, or have a business, since for immigrants, there is no capital gains tax, and the corporate tax is 12,5% flat. The health system / mandatory insurance is also good, and very affordable. Means you do not need an additional private insurance to cover all basics. But even if you also add a full private insurance, you are still paying 50% less with both than with the German GKV. If you are an employee, the conditions are still better than in Germany, but also not cheap, means a bit less attractive from a tax & fees point of view. Also the the salary level on the island itself is relatively low, if you are not working in the tech or banking sector. In most places rents are still also significantly lower, than in German metropol regions, but the cost of living is kind of comparable to Germany, likely because many individuals with a high spending power and because it is an island.
@ershn8d7 ай бұрын
Every word you wrote is 120% truth. The question is where to leave for.
@ichifish7 ай бұрын
Honestly it's just refreshing to hear a someone talk about politics without the American lens of left-vs-right.
@user-97n0xg.d6gfh7 ай бұрын
Well, it's the same situation in the US and elsewhere: a glut of highly educated, university graduates in Arts and Humanities, who refuse to do "slave work", along with low-educated, drop outs. And a dearth of those with technically skilled trades in mechanics/machinery, electricity/electronics, carpentry, plumbing.
@jochen93677 ай бұрын
@@user-97n0xg.d6gfh That is not true, the vast majority of majors in Europe are not in Arts or Humanities (unless you consider law a humanity) but rather in business, law, healthcare and engineering
@aaron.aaron.v.b.94487 ай бұрын
He's talking the same his likes have been preaching since the 70s. It is a left right thing, just a German and a very traditional one.
@ichifish7 ай бұрын
Yes, I think we can all see where people of differing political views stand on the issues. I was glad to have the issues at the forefront without political finger-pointing.@@aaron.aaron.v.b.9448
@rafalgan-ganowicz7 ай бұрын
@@jochen9367 lmao well none of that seems to be helping you, business in Europe has never been so stagnant outside of the depression. Should be focused on actually being productive instead of kneecapping every industry you have at any opportunity for green woke points
@mitchkman7 ай бұрын
Mid level software engineer makes about $40k in Germany. $200k in the US. A nurse in Germany about $35k, in the US $150k. You‘d be dumb if you are skilled labor to move to Germany.
@dave_sic13657 ай бұрын
Yeah, less money... But in turn you will be part of our green Revolution and get on the moral highground.
@teamtoken7 ай бұрын
Exactly, why move to a country where hard/smart work is low paid and you’re punished the harder you work?
@darksteelpit217 ай бұрын
Maybe you want to live in a house that won´t be blown away by a wind. Maybe you want to eat healthy food instead the sweet rubbish they sell you in ´Merica. Maybe you want to vote for a third party. Maybe you belief creationism should stay in church. Maybe you want your children to be able to walk to school. Maybe you want to live where the police is friendly. Maybe deep inside you are concernd about all the weapons people own. Maybe you are jealous when its about workers rights. Maybe you are curious if there is live on other continents. and so on Don´t take me too serious ;-) But to be honest, I know of noone who is punished the harder he works. There are high taxes in Germany, true, but you get what you pay for.
@mzsnayem17317 ай бұрын
are you living in germany?
@mitchkman7 ай бұрын
@mzsnayem1731 I’m German living in the US. I lived and worked in tech in both countries
@Leugim0107 ай бұрын
In this video: Rich guy complaining that poor people don't waste their life overworking in order to increase his wealth
@maxhill92547 ай бұрын
who says that this guy is rich? He is an economics expert and not some big time CEO
@mingdongyang11897 ай бұрын
@@maxhill9254 big CEOs pay him to say these things
@maxhill92547 ай бұрын
@@mingdongyang1189 nonsense, you don't know anything about him. So stop spreading lies.
@mingdongyang11897 ай бұрын
are you his son or relative or the PR outsource he paid for?🤣@@maxhill9254
@lohena17 ай бұрын
Energy crisis?? That's an interesting description of a completely self-inflicted choice.
@savioblanc7 ай бұрын
Chooses to laugh at Trump when he called out their dependency on Russian oil and gas. Chooses to openly stand by Ukraine and fund them billions instead of trying to ne more nuanced in their approach. Chooses to look the other way when its obvious the US military blew up the pipelines providing them with Russian gas Chooses to not fully join the US/UK operation to fight the Houthi rebels, knowing that blocking the entry to the Red Sea will cause a direct hit on their economy and the rest of the Eurozone. At this point, Germany seems to be getting ready to unalive itself for funsies.
@sportsonwheelss7 ай бұрын
not really, don't think Germany blew up their own gas pipelines.
@ronin16487 ай бұрын
@@sportsonwheelss they shut down their nuclear power plants
@MarketsDriveTheWorld7 ай бұрын
@@sportsonwheelssno Murica did 🦅🦅🦅🦅🇺🇸🇺🇸
@kguehini7 ай бұрын
@@sportsonwheelsshe was talking about sanctions on Russia. there is actually one pipeline out of the 4 that didnt blow up. but germany dont want to use it.
@viloschichman10527 ай бұрын
bro its not about people not having confidence in the economy. Its about the fact that no matter how much your wage rises, if the cost of living rises with then nothing changes
@Neomadra7 ай бұрын
This is a concern but it's not as bad as many people make it out to be. What most people overlook is the fact, that even though cost of living increases, we own more goods than in earlier times and of more quality (phones, computers, cars, etc.) and use more services (education, holidays, etc.). Let's take housing for example. Yes, housing has become to expensive, but that's mostly because everyone wants to live in attractive places with public transport, high quality doctors and hospitals, parks, clubs, etc. Housing was previously cheaper because many things that cities nowadays offer were not available in earlier times. Of course that's not the whole story, there's clearly also a bubble going on, but I find this discussion often dishonest because often it is not highlighted what you actually get for your overpriced city center apartment. Housing far away from cities is nowadays still very cheap, it's just nobody wants to go there.
@douglasvoigt92687 ай бұрын
The things that matter are more expensive relative to wages, the things that don't matter are cheaper. Great.
@rake4837 ай бұрын
This. So much. Especially rent has gone up so much in the last few years. The pay raises aren't nearly enough. These "experts" always act like inflation is only affecting companies.
@rake4837 ай бұрын
@@Neomadra Why do you think people move to the cities? Because the jobs are there!! I grew up in a rural area, in the 80s and early 90s we had serveral factories which employed a lot of people ... All these factories were moved to China in the late 90s and 00s. People lost their jobs. Many moved to cities for new jobs. The houses they built are now vacation homes for rich city dwellers. The houses which were sold for 50k in the 90s are now worth at least 300k. Its ridiculous.
@A3racada3ra7 ай бұрын
@@Neomadra It's also not very useful to compare housing prices today with the standard of a few decades ago. After the war there was a lot of land available, people could easily find a place to build their own home. At the same time it was even politically encouraged to do so. Decades later, most of the attractive land and real estate (bound to great infrastructure) is already in the hands of families, which inherited it from their parents / grandparents, or in the hands of larger real estate firms. Then there is a lot of speculation going on in the market, artificially driving up the prices to absurd dimensions. I agree that our standards have risen tremendously since then, but still people should be able to find a decent housing without the fear of ending up poor.
@BA-ho7dw7 ай бұрын
70 billion hole in its budget but sends another 8 billion to ukraine
@Existence-zy4gb7 ай бұрын
When Ukrainian will return to their Country after the war that will be the worst in Germany, shortage of Jobs!
@hugh80907 ай бұрын
17
@nutzeeer7 ай бұрын
the split between poor and rich is increasing. if people were paid decently the economy would prosper
@kaseyc50787 ай бұрын
Import more immigrants… I’m sure the gap will only decrease….
@ronin16487 ай бұрын
or, you know, the gov can stop stealing your money through taxes
@algardaus7 ай бұрын
People can be poor and still experience economic growth, the reality if Germans don't replace themselves. No kids = no workers. It's only going to get worse.
@emanuel123456789017 ай бұрын
Yes and no. I would rather cut the tax breaks for the Uber rich. As they are creating the difference/ split
@TiGGowich7 ай бұрын
That's not how economics work. This is such a typical and nonsensical statement. The split is increasing, but by no means are people getting poorer. All graphs are pointing up. It's only the positive gap that's increasing. Also, arguing that higher salaries would solve this just again shows your lack of economic understanding. Salary is the product of the ratio between supply and demand. Salary (price) follows those two crucial components. If you want to demand a higher salary, apply for jobs where supply is low and demand is high. It's not rocket science. Aslo, why do you think net wages are not increasing? Because companies cannot afford it. Inflation (which is a mere symptom of awful fiscal policies) is eating up any potential for higher earnings etc.
@VaiOr67 ай бұрын
"Wages are rising in Germany!" Really? Most people didn't notice that, after they paid all their bills 😢💰
@Baddy1877 ай бұрын
"Congrats you earn more money this year. Sadly you also pay about four times that amount extra on extra costs." - From Berlin With Love.
@mirror4527 ай бұрын
Indeed. Real wage growth has been negative for all of 2022 and 2023, with negative growth of up to -5.4%. Real wages have grown slightly in parts of 2023, but only by up to 0.6%.
@andrehunter12957 ай бұрын
Being dependent on expensive gas and oil shipped from the other side of the globe US, because responsible politicians in Washington demand that. I am not surprised at all 😨
@deep.space.127 ай бұрын
(Nominal) wage growth can't simply match inflation. Not when tax rates are like 40%. But I guess no employer is willing to give a 20% raise.
@mirror4527 ай бұрын
@@deep.space.12 Taxes have nothing to do with that. Without taxes, living costs would be vastly higher for the majority of people, due to having to pay for private healthcare, tolls on literally every road, etc etc.
@Handletaken47 ай бұрын
My friend's bakery in Steglitz had the energy bill go from €1200/mo to nearly €8000/mo.
@FirsToStrike7 ай бұрын
Yes but did your friend try working harder?
@deatthknell6 ай бұрын
Nod stream
@Nikoolayy13 ай бұрын
@@FirsToStrike like 6 times harder as 1200 to 8000 he will need to work 6 to 7 times harder.
@RuleofFive7 ай бұрын
You move most of your manufacturing to China and then blame worker pensions in Germany on worker shortages and a lack of economic growth?
@Se7enth3517 ай бұрын
stupidity or mal intent, you decide
@abhinashkumar31617 ай бұрын
😮
@jianyang62817 ай бұрын
more factories moves to the USA, rather than moving to China. Who is benefiting from the war and high USD interest rate? not China, it is the USA. Germany needs to educate themselves.
@zxera97027 ай бұрын
Instead of manufacturing you have a service sector now.Manifacturng is for low skill labour ,if you can't thrive in your current environment you're not of the competent workforce.
@icu17siberia7 ай бұрын
Magdeburg is the site for a huge US company high-tech manufacturing plant. 17B euros. I've read they're having trouble hiring there. Germany still has things to offer...I don't think the real issue is energy costs alone. China imports most of its energy, but they don't pay people anything.@@jianyang6281
@g_f_g_o7 ай бұрын
Companies must be held accountable for the entire process of educating employees for the roles and careers they seek. It's merely a complaint about not being able to find someone with the specific skill they require at the moment. Then they suddenly decide they want another skill set. Workers are just laid off and replaced. However, the burden of developing the "right kinda employee" falls on the entire society.
@hdaviator91817 ай бұрын
That is an insane take. The role of educating people is on the education sector. Companies are not in the business of educating people. They don't have the resources to do that. Maybe a few large companies, but most don't.
@graciasthanks47717 ай бұрын
The issue is being competitive. Many countries around the world offer skilled candidates. If German companies are forced to go through the expenditure and time of educating employees for every position, the competitivity of the German companies will continue to go south. Rewarding people for not working or not learning is a sure way of going down the drain.
@DemonEyes6227 ай бұрын
@@hdaviator9181 So what did companies do before school was a thing, they took people in and trained them for the job they wanted them to do. It isn't schools job to teach someone out there everything they'll need to know for each specific job. Companies spent more time training their employees in the past to do the job right, but now they expect to hire people out the gate with all the degrees and 10 years experience. Trades today still train their workers, though not everywhere. I do remember coming out of high school. many trades in my home state were looking for already trained tradesmen instead of doing it themselves. Moved to another district, more prosperous. the trades would take people off the street and train them from the ground up, instead of waiting for the community college to pump out some fresh graduates. So maybe, companies should get back into educating their own workforce.
@medo_0x007 ай бұрын
@@hdaviator9181 yeah right you ain't getting any practical experience from the education sector. they're demanding a lot of practical experience with a lot of technologies and tools from a junior who just graduated from university. where tf do you get a 5+ years experience of XY if you've never got a job to teach you that.
@alb0zfinest7 ай бұрын
@@hdaviator9181It's not an insane take at all. They take advantage of skilled workers without ever contributing to their development. They basically get freely educated people. If they aren't going to contribute funds in educating them, then they should pay far higher salaries than they do currently.
@insertoyouroemail7 ай бұрын
I work part time 60% because working 100% does not earn me a proportional increase in income due to marginal taxes.
@kohtalainenalias7 ай бұрын
Giving up nuclear power hits hard
@yongchen82047 ай бұрын
if Germany is in decline with its economy, then the entire europe economies are collapsing. Germany economy is the best among all EU nation's economies.
@blackmaster9997 ай бұрын
THE WHOLE OF EUROPE IS IN DECLINE
@ShivamGupta-sr9zf7 ай бұрын
That's not true. France will become the new economic engine of Europe. It has better demography than Germany.
@saba10307 ай бұрын
Since 2023 Germany is the worlds third largest economy...
@soundscape267 ай бұрын
@@ShivamGupta-sr9zf What do you consider to be a "better demographic"?
@admin4munich7 ай бұрын
even the netherlands could overtake us, i mean with innovations ^^
@khairulhelmihashim25107 ай бұрын
Germany might faced the situation similar like UK in 1970s/80s when its products and services slowly becoming uncompetitive for world markets.
@mrsam04967 ай бұрын
Nope. Guess again
@vikramganasen7 ай бұрын
Nah, stagnation. This is a cycle. The growth is in Asia. It is the Asian century. As long as there's no WW3 and China is not deceived by the US to act on war, this century will be Asian.
@michaelmoran20227 ай бұрын
The UK was uncompetitive, beacause of the contribution North sea oil made on the Exchange rate,Google Dutch Disease,as well as overmanning and unrealistic wage demands made on British industry by the Unions.
@andrehunter12957 ай бұрын
When they choose to block themselves from enough cheap green gas and oil directly from pipelines for US interest, and now being dependent on high prices for not enough gas and oil shipped from the other side of the globe US 😞 It's not surprised that it's impossible to keep their wealth 😢
@vikramganasen7 ай бұрын
@@Brunel1859 Yes, China is agitating on Taiwan front, so is the US. Its a lose-lose situation for the world. Not a CCP bot.
@moDLuffy7 ай бұрын
First time I hear an expert says that the tax system needs a reform and people who work more shouldn’t be punished by paying higher taxes
@oddvardmyrnes90407 ай бұрын
Taxes on overtime work is there to get as many people as possible into the workforce and guarantee a life outside work. Family time. Unions have fought hard for that benefit.
@cristinaximera96637 ай бұрын
Perhaps he's wrong.
@moDLuffy7 ай бұрын
@@oddvardmyrnes9040i do see your point, but I don’t need the state to engineer my life and how much time I spend with my family and outside of work. The reasons maybe noble but people shouldn’t be punished for working more or wanting to make more so that they can have better social mobility
@ronin16487 ай бұрын
@@oddvardmyrnes9040taxation is theft
@oddvardmyrnes90407 ай бұрын
@@moDLuffy .. True. The balance of this metric is tricky, like all of them are. I will say that the system is in balance right now, but I could be wrong. I tend to believe in a model of bonuses & profit sharing. I subscribe to an unescapable rule, work must be profitable. Just finding the balance for the individual & the common good.
@patrickperkins11897 ай бұрын
So much of politics boils down to "how do we force the people to work more." We're all cattle and guys like this own the ranch.
@romanjanssen48337 ай бұрын
When the government taxes you less, you are forced more? How does that work?
@patrickperkins11897 ай бұрын
@@romanjanssen4833 Low taxes for corporations, you work 40 hours a week until you die. It's just not what I signed up for
@romanjanssen48337 ай бұрын
@@patrickperkins1189 If you don't think that a job is not worth your time and energy, don't work there. I'm not someone who just complains. Learn how the world works and act on what is right. Life is short.
@patrickperkins11897 ай бұрын
@@romanjanssen4833 Life is short! Work until you die. Don't complain. Just listen to youself-they're taking advantage of you my friend!
@romanjanssen48337 ай бұрын
@@patrickperkins1189 Then don't work (where you're at). I don't care if you complain and do nothing about it - if you do something about it, all power to you. I'm working for myself by myself. Do what makes you and your family happy. Don't work in a job that is meaningless to you.
@xonathaningaelbasanilousi82517 ай бұрын
As long as the German society and German industries refuse to adjust in the new era, their society will keep dying, their economy will keep declining. 2024 in IT sector they still require German language mandatory, a lot of university credentials in an industry where after 5 years max your knowledge is outdated, moreover they cannot compete with their rich neighbours in net salaries. Germany and their industries operate still like we live in the 1980s and good luck with that
@medo_0x007 ай бұрын
well the language can be learned but the number of companies that don't want to train new graduates is insane. he said that a lot of companies are in need of workers but those same companies are asking for a lot for minimum pay. "we need a junior developer with 5 years experience in X, Y and Z" yeah good luck finding that
@ehanoldaccount58937 ай бұрын
@@medo_0x00”Deutsche Sprache, schwere Sprache” as the Germans say. People also like to forget that Germans are not friendly to foreigners (or each other), which decreases incentives to want to learn the language.
@medo_0x007 ай бұрын
@@ehanoldaccount5893 compared to many other languages, german is not too hard. I have already learned it up to C1 level and in my experience, germans were never rude or unfriendly to me. Especially old people usually are the kindest. Well Germans are still hard to get along with because of their nature of not wanting to talk to anyone or being talked to but that doesn't bother me much because i myself am an introvert.
@dog_knight7 ай бұрын
Would like to move and work there in the future for a few years, but wonder if my lack in formal education will impact my ability to get a job despite years of experience in the IT Security industry. I’ve seen this mentioned many times before that German companies look to University degrees for proof of knowledge when most of my studies completed 20 years ago have very little relevance today.
@medo_0x007 ай бұрын
@@dog_knight yes it's true. Most companies look for a formal university degree. You might be lucky and get a job in IT without a degree but chances are slim. There's also Ausbildung or dual Studium where you'll study and work at the same time and get paid for the job. But since many people apply for these kinds of jobs in IT, companies would rather hire someone who's already in Germany because they don't want to go through the trouble of waiting for you to get a visa and stuff...
@slanginandbangingtactical18297 ай бұрын
The love affair with china and germany needs to be addressed, china is pumping cheap cars and products into the EU making germany uncompetitive
@lwwells7 ай бұрын
The Chinese EVs will kill German auto in the next five years. The question is whether or not Germany will subsidize VW and BMW’s debts.
@solinvictus65877 ай бұрын
it was Germany who started the love affair with Russia as well. Now they are trying hard to play the role of the biggest supporters of Ukraine but the fact is that Gremay played a main role in helping Russia with lucrative businesses. Schröder was the most important lobbyist of Gazprom in the EU.
@MagMar-kv9ne7 ай бұрын
@@solinvictus6587 its the old story, Germany´s biggest enemy is germany itself.
@saba10307 ай бұрын
@@lwwells Not only you're an "expert" on the German army, economy and now on Germany's automotive industry? Oh dear 😂
@philipgates9887 ай бұрын
“Just say no” to the importation of products from countries who don’t share our values. A decent wage, environment protection, social cohesion.
@trnogger7 ай бұрын
Economies are cyclical. Especially in an oversaturated world, constant growth is an illusion and Germany has been doing exceptionally well even when others did not for quite a long time. A cooling off phase was overdue, and it will pass as it has always done. Why is everything blown out of proportion these days?
@bonsaiboi90837 ай бұрын
Finally someone with common sense I guess we Germans gotten a bit too used to the good times, hard times will be overcome and especially this one. Humans are the most adaptable and resilient species, we will survive it.
@julian53457 ай бұрын
Compare germany per capita growth vs the USA. Germany is absolutely trash in a comparison.
@ldgg38712 ай бұрын
@@bonsaiboi9083 Good luck surviving your upcoming demographic winter then ;)
@deesiInGermany7 ай бұрын
Stop paying money in Dols... My tenant, not working, living with job centre with 6 children.... Able to afford duplex apartment for free. I with good salary, living in old 80 m2 appartment
@MetallicReg7 ай бұрын
That doesn’t sound too bad. Your salary can be cut further until you are only able to afford 40m2 or less. Until then you are fine.
@deesiInGermany7 ай бұрын
@@MetallicReg They are already doing so my making high inflation. Normal bread prices were increased from .89 to 1.49€ and salary by 2.8% . WTF
@teekanne157 ай бұрын
What I found frustrating is, that everyone claims they know the reason because they correlate developments with recent events. But it is just unknowable and historically its just natural to have waves of up and downturns.
@juandanielvallejo34847 ай бұрын
Labor shortage? I have a European master in Nuclear fusion with two years of experience, and I've been unable to find work anywhere in Europe. Is so much so, that 200+ applications later I just gave up. Companies are not willing to bring someone and sponsor them if they don't have 15+ years experience or if you're not a doctor or nurse
@juandanielvallejo34847 ай бұрын
@@user-yr4vp1jk7j the struggle is real... And in the UK is the same story with lower wages
@oddvardmyrnes90407 ай бұрын
The explanation is simple. Energy. As simple as that.
@Welgeldiguniekalias7 ай бұрын
That's what I thought, but actually natural gas prices are down very sharply from their peak in 2022 and back at May 2021 levels.
@oddvardmyrnes90407 ай бұрын
@@Welgeldiguniekalias .. Do you have an explanation for that? Could it be that the consumption is less?
@poweedlo7 ай бұрын
@@Welgeldiguniekaliasbcoz there are significantly lesser of consumers, industry is closing
@oskarelmgren7 ай бұрын
Huge mystery, how can we ever figure out what the problem is... 🙄
@LaVictoireEstLaVie7 ай бұрын
yeat , totally...if we just knew ._.
@johnofdebar40717 ай бұрын
Everybody talks about high tax burden on workers but nobody talks about taxing the rich
@juliansebastian7 ай бұрын
He really thinks increasing work hours per person is free for the government?! So healthcare for overworked people is free? Child and elderly care for people who don’t have time to take care of their kids/parents/etc. is free? Making up for fewer volunteers in all kinds of social sectors who can do less due to higher working hours is free? As a fellow economist, I’m so tired of this short term thinking!
@AccidentalScience7 ай бұрын
In short: cut bureaucracy, liberalization and deregulation. This also apply to the EU.
@KarthikSoun7 ай бұрын
Farmer protest in Germany = Due to inflation. Farmer protest in India = Due to Undemocratic party. 😂😂😂😂😂😂
@aaron.aaron.v.b.94487 ай бұрын
If longer working hours were the solution, Japan would outperform everybody.
@Der_Dolmetscher7 ай бұрын
„How did we get into this mess?“ Simply! „We“ (as in - the elected officials) decided to buy social peace for everyone: keep wages low, taxes high, and pump all the extra money into a welfare state. So that now people can enjoy the idiocy called „Bürgergeld“ (tied in with Schulgeld, Kindergeld, Wohngeld and Whateveryouwishforgeld). Luckily, some of us left the country ages ago to study and live abroad, where they thrived and made huge progress. With three M.A. and one M.S. I managed to save in five years in Switzerland what I would’ve earned in three years in Germany. And I pay more rent in Switzerland than I did in Germany. Plus, I enjoy six weeks of paid vacation every year and can afford to travel around the globe. Germany is a place for those who don’t expect much, don’t need much, don’t want much, and above all - don’t want to work, because Father Welfare takes care of the elementary needs of a family of eight.
@deedat817 ай бұрын
Germany is in decline because it accepts to be a client state to the US...if anything a colony
@tonyroe54087 ай бұрын
Absolutely spot on.
@happymelon71297 ай бұрын
😆😆😆 If you do as the Americans say... ->your economy is destroyed, ->your standard of living drops, ->you are joining a war you don't need to fight, ->against a country who really isn't your enemy. --Colonel Douglas Macgregor.
@happymelon71297 ай бұрын
More important question to ask .... ---> Why we don't have these chaos/conflict dramas that lead to economic collapse during DT in office ?
@leeswecho7 ай бұрын
the US runs an $80 billion trade deficit with Germany -- in fact the German trade surplus with the US almost exactly cancels out Germany's equally huge trade deficit with China. So ask yourself, who is really the one eating Germany's lunch.
@SmokestackOG7 ай бұрын
Trump warned this would happen if they relied on russian fuel , blaming usa about this with no evidence to back it up is Ludacris.
@hendrikdose21897 ай бұрын
Very embarrassing to not mention the huge raise in profits in companys and growing payout to investors. That money could be used for investing in the company and educating employees but it's not attractive to the shareholders
@alexp2967 ай бұрын
When you pay a good working people with max 2000eur NET ..is no surprise you will not find "work force".😢
@gossling777 ай бұрын
Yeah I feel like the average salary in Germany is around 3k which is laughable in bigger cities where rent is getting ridiculous
@aymaneelassali16567 ай бұрын
most people in germnay the have 1700 euro salary nett this is slavery
@alexp2967 ай бұрын
@@aymaneelassali1656 as long as you can choose an other work place or move out of the country , is not slavery!
@rake4837 ай бұрын
"It is surprising that rising wages are not driving consumption." Does this "economics expert" know what inflation means? Rent, energy, heating, food, ...everything went up so much in the last few years. Yes, i get paid more now, but because the essentials are so much more expensive, i have less money available at the end of the month.
@Leifthrasir7 ай бұрын
Because Germany and the rest of Europe lost access to cheap natural gas, isn't that why the economy is hurting?
@adsfwef13317 ай бұрын
Thanks to USA and Ukraine
@skipperson40777 ай бұрын
"Germany has some of the lowest wholesale electricity prices in Europe and some of the highest retail prices, due to its energy policies" Source - World Nuclear Association.
@peterlem17 ай бұрын
Why don't you just listen to the interwiew? They are giving some answers and yes, higer energy costs is one factor but only one of many.
@RazorMouth7 ай бұрын
Gas prices are back down to 2015 prices so I can't be just that. They did lose a lot of the Russian market due to companies pulling out. There's probably multiple reasons for it.
Because of the most inconpetent politics the country has ever had. Especially the greens.
@krollpeter7 ай бұрын
Nope. Because of the most nothing-doing government Germany ever had, and that for 16 years.
@petervojcek70437 ай бұрын
Not incompetent at all! They only follow orders.
@Skunkyfunkyi7 ай бұрын
wages are way to low for the entirety of the working class in the eu
@martytube8217 ай бұрын
They're way higher than most of the world!
@tomthumb20577 ай бұрын
So the world has the same cost of living as Germany... are you drunk? @@martytube821
@Skunkyfunkyi7 ай бұрын
@@martytube821 mass animal farming in asia is way worse than in eu too doesn't nullify that there still is a problem in both countries
@maestrovso7 ай бұрын
You are the kind of people complains low wages and costs of goods too expensive, and think all big companies are evil.
@MarketsDriveTheWorld7 ай бұрын
@@martytube821in most of the world you can buy much more with that money.
@Sign-b4j7 ай бұрын
Well that is what happens when u have no money for your people but for other countries
@Melior_Traiano5 ай бұрын
I wouldn't call spending roughly 60 percent of your federal budget on social welfare "no money for your people".
@theenglandyoda7 ай бұрын
You have enough workers. Shortage is just a enthusiasm for not wanting to pay workers properly or invest in capital to make them more productive Lack of cheap energy is the problem.
@cnavarrete19997 ай бұрын
Well, if families are not having kids, workers shortages is not an illusion 😂 Where are they going to get the workers, out of thin air? 😂
@PseudoProphet7 ай бұрын
I'll answer it, because The US destroyed the Nord Stream, why else.😢😢
@carlanderson76187 ай бұрын
Is it a general decline or just part of an economic cycle? How many times has the US been counted out economically? I remember back in the 70s as the US struggled through stagflation the "experts" were predicting that Japan and maybe Germany would surpass the US economically by the year 2000. The "experts" new favorite is China but now that is seeming more unlikely by the day. In a free economy all economics is cyclic with ups and downs and it really does not matter which party is in charge. So when times are good you prepare for the bad. In an unfree economy you don't have the same ups and downs it is just down.
@abdell75roussos7 ай бұрын
Click bait.
@carlanderson76187 ай бұрын
@@abdell75roussos ?
@RobinWood-it6id7 ай бұрын
What "free ecoomy"? Our economy is more restricted by a million of economic, environmental and political laws than any communistic economy ever was !!
@PeterJonDillon7 ай бұрын
Sure there are cycles but the government still has to act and put in place policies that can allow an upswing. It doesn't just happen automatically, in that sense the government plays a major role. The effects aren't felt immediately but over a number of years it becomes evident.
@abdell75roussos7 ай бұрын
Its just clickbait.
@lukepowell73577 ай бұрын
The common problem in European economic failure is bureaucratic delays and politicians draining companies and individuals via taxation and then trying to force struggling businesses to buy new equipment and constant regulatory changes for agriculture.
@siimba0chris17 ай бұрын
Urgently need digitisation and simplification of process, need innovation, less bureaucracy and put of box thinking
@Alex-pr6zv7 ай бұрын
Mr Füst hits the nail on the head:the tax and transfer system urgently needs reforming. The system as it stands punishes you if work more. It's socialism gone mad.
@himiehonor11967 ай бұрын
Unless Germany innovates a new energy source, or returns to Russian energy which is unlikely then Germany will continue to buy expensive US oil/gas with its long supply chain and therefore expensive energy costs. Whilst this policy persists, Germany should settle-in to this new reality that will slowly but surely decimate its poorest, its industrial capacity and its national wealth. Congrats Olaf!
@bearcb7 ай бұрын
The US sabotaged the Nordstream pipeline, causing inflation, and yet no word of protest from Germany, and they even fully support the US external policy! What a bunch of spineless wimps this government is!
@viktorianas7 ай бұрын
There is NEVER a shortage of labour, absolute BS. The requirements and wages are just not adequate, skill shortage? Make apprenticeship program, retraining, upskill, but NO! Nobody wants to invest anything...
@fernandotabora7 ай бұрын
true, I am self imploeed and working harder in Germany doesn't really reward you XD
@TiGGowich7 ай бұрын
How is this country supposed to fix its economy? All sectors we used to lead in are systematically being ruined and destroyed. Education is bad. Taxes are high. Entrepreneurship low. Investment is low. Infrastructure is bad. Digitization is waaaaaaaaaaaaaay behind. Labor force gets older and more lazy and less educated. Bureaucracy is reaching insane levels. Tax burdens on private citizens and corporations is ridiculously high. Smart people are leaving while uneducated people are imported. The entire social care sector is turning on itself. Pension scheme is falling apart. Healthcare system is falling apart... Glad I'm already gone.
@wombatdk7 ай бұрын
The bureaucratic nightmare that is Germany prevented us from opening a business there. It's simply not worth the headaches. There are plenty of other EU countries that are far more attractive. We've decided on Norway, France and Switzerland (yes I know, not EU). Finding workers was not a concern.
@PBandJJJJJ7 ай бұрын
Where did you move from, if I may ask?
@kanderson44177 ай бұрын
Germany has one hand tied behind its back by too much regulation.
@AtharvaThumbare7 ай бұрын
Well they made Major mistake by shutting off nuclear power plants
@antonioriondadelosreyes75237 ай бұрын
The woman's half-smiling expression appears somewhat peculiar in this context.
@edwarddejong80257 ай бұрын
Gee, not having abundant cheap energy caused problems? Who would think that shutting down your nuclear power plants and scrambling to burn coal and bring in LNG at much higher cost would impact all the industry.
@darksteelpit217 ай бұрын
come on man. Nuclear Energy is most expensive. Imagine they used atomic energy back in the stone age. The waste whould still cause problems today. It seems that there is no way to communicate beyond the ages. At least I don´t know any stoneagian Language. So you even can´t give future humans any warning about the danger radioactive waste could be.
@newyork84157 ай бұрын
Bottom line. Very few people can afford a good life. Prices are through the roof.
@ivanbogdaue7 ай бұрын
Several years ago, Germany government decided that some other interests are more important than low energy prices, and this is the outcome.
@claudiacombei70627 ай бұрын
What a bull💩. Cutting the financial support for parents and then blaming people for not working enough. Awesome, DW! 🤮
@rosshilton7 ай бұрын
I predicted this nearly two years ago and was abused by people who said I had no idea what I was talking about. Well guys - time to say sorry. And let me predict a bit further: This isn’t going to end. Germany had an entire economy based upon two competitive advantages - cheap energy and a protected market (the EU). The EU is now signing free trade agreements with everyone and the cheap energy has gone for ever. Germany will have to become a service economy, just as the UK did in the 70s and 80s, and that is incredibly painful. Steelworkers become cooks, car workers become waiters. Germany will continue to decline for at least a decade, and will never bounce back to what it used to be.
@mkzai7 ай бұрын
RIP
@ArnoSinger7 ай бұрын
You don´t know anything about our country.
@rosshilton7 ай бұрын
@@ArnoSinger it seems I knew more than you.....
@Drganguli7 ай бұрын
Germany is no longer a pragmatic country. It has got too green and liberal.
@matsinilsson95787 ай бұрын
Europe will never fall. Switzerland, Sweden, the United States, the United Kingdom and Singapore are the world’s most innovative economies in 2023, according to WIPO’s Global Innovation Index (GII), as a group of middle-income economies have emerged over the past decade as the fastest climbers of the ranking.
@Drganguli7 ай бұрын
@@matsinilsson9578 The news item was about Germany.
@kazomazo66467 ай бұрын
The way Mr. Clemens Fuest explains and dissect the problems in a very systematic way that shows a good related knowledge background. I think the German government should be less talking politicians and more experts in the matters.
@wwfww7 ай бұрын
Workers aren’t working enough he says… In portugal currently 1 worker is doing the work of 10, while unemployment is very high and burnout rates are also very high so don’t go through the “workers not working enough hours” route, it only leads to a sick and poor society
@ulliburwood47067 ай бұрын
Germany needs to be free of burocracy
@kguehini7 ай бұрын
it needs to be free from american military bases.
@zs50027 ай бұрын
@@kguehini Germany would fall apart if it had to start funding its military lmao. But it’s true you’ll be losing your free protection soon
@kguehini7 ай бұрын
@@zs5002 i think you are underestimating Germans. So all countries around are funding their military just find , and Germany (the world's 4th GDP ) wont be able to? you are joking man.
@HansBaier7 ай бұрын
@@zs5002 It is a free protection racket.
@HansBaier7 ай бұрын
@@zs5002 Germany would be more protected if the US were not there. It is the US that is the main cause of conflict in the world.
@AlexanderSavchenko917 ай бұрын
Germany is in decline because of USA
@faxriimanov3D5 ай бұрын
Because Gerhardt Schroder and the Greens for closing Nuclear Power Plants and making Germany a Vassal state of Russia and he got rewarded for that. You may research now where Gerhard Schroeder is.
@Aron-t6m5 ай бұрын
And Davos WEF
@Melior_Traiano5 ай бұрын
If you say so Russia boy.
@pppp39975 ай бұрын
How?
@MariaKasova594 ай бұрын
@@Melior_Traianoeven not Russia boy can see that , only you still believe US is good . Biden boii
@rrni23437 ай бұрын
Fun fact, the idea of govenment debt having a negative inpact on economic growth was based on a paper that showed negative corrilation between debt and economic growth, however the resault was based on an excel error. The paper was later refuted and when the error was corrected showed that there was in fact a positive correlation between debt and economic growth. So in short the zero debt policy is not helping the german economy, its actively hurting it.
@MarketsDriveTheWorld7 ай бұрын
😂😂 EU at his smartest level 😂😂
@Iceddespo5 ай бұрын
I know people who overworking every day. Everything above 80 hours(on your balance) is payed out. But at around 40% of TAX. The people collect their 80 hours and then just use them to stay at home every Friday , or working 2/3 hours less at some days. It doesn’t pays to make overhours to make money, it’s better to stay home and do your private things.
@DonDezz7 ай бұрын
The Germany was nor hit hard by the Russia-Ukraine, they decided on their own to self-harm by making childish decisions 🤦♂️
@mihailescue7 ай бұрын
German society is experiencing rapid aging An area requiring attention is the childcare system, notably the early closure of kindergartens on Fridays at 12-15 pm and the inaccessibility of primary schools before 8 am. After-school programs operate until 4 pm, maintaining a schedule consistent since 1950. Given the demands of modern work, particularly with people working in three shifts, there is a significant challenge in providing suitable conditions for raising children that will be future workers.
@BA-ho7dw7 ай бұрын
Please ignore nord stream and russia sanctions, just blame the people
@jaorlowski4 ай бұрын
"You CAN work more" quickly translates to: "you HAVE TO work more to keep up". Especially in cities where low wage jobs barely make enough to pay the rent and insurances. There is no mobility wage-wise in some jobs, and it cannot be the solution to ban "poor" from the cities, as then there will be the missing work force for for instance health and child care workers. You cannot optimise certain jobs, that sometimes need to be taken due to bad education, knowledge of the language or family situation. Also: "the problem with the debt brake is that it brakes ... but it works" ... Brilliant...!
@coxhoe7897 ай бұрын
we have 8 million unemployed in germany
@ericdaniels46507 ай бұрын
Absolutely horrible what is happening to the farmers in Germany. Germany has the same problems the rest of the world has. Government corruption, and overspending.
@jetcopter97347 ай бұрын
Hard times create strong people , strong people create good times, good times create weak people and weak people create hard times
@FernandoPerez3h.7 ай бұрын
Not only Germany but all of Europe faces the problem of lack of innovation, the creation of new businesses or unicorns, bureaucracy, high regulation from the European Central Bank, and the absence of AI development. How can they regulate AI without having any new AI-focused companies in Europe?
@benitzers88587 ай бұрын
true
@matsinilsson95787 ай бұрын
This is wrong. We are the cradle of innovation together with the US and certain Asian countries.
@andreirazvan60517 ай бұрын
@@matsinilsson9578 you live in the past, we have no tech It industry, we just outsource our work... not as bad as India but still...
@johnbartholf7777 ай бұрын
You get what you vote for. Or in the case of Germany, what the elites allow you to vote for.
@cheztaylor87 ай бұрын
How much of German industry has moved to the US so as to take advantage of lower energy costs, tax breaks and the subsidies associated with Biden's "Inflation Reduction Act" ?
@linnyh82427 ай бұрын
Germany is experiencing the second part of the "win" in its win-win economic relations with China. The first part was when China got the jobs, associated tax revenues, and techs.
@LaVictoireEstLaVie7 ай бұрын
Leave it to an Anglo-Saxon to blame China for it. Germany and most of Europe being a collection of US vassals did not help the situation.
@ricardobarros73717 ай бұрын
@@LaVictoireEstLaVietrue. Tbh UK isn't doing any better. UK has stagnated for over a decade and has barely seen any real growth. Japan didnt benefit either by being friends with the US.
@venture.brothers7 ай бұрын
Germany made a lot of money in China Was basically free lunch as the speaker mentions But china innovated when Germany didn't (e.g. EVs) so now Germany is paying the price
@deesiInGermany7 ай бұрын
Learn English, focus on service and innovation. Accept digitalisation Reduce redtape. And German wages are super low even in high tech sector. Senior IT engineer earns 60-70k in Us 140-170k
@leesoonkong81497 ай бұрын
1000% follow US. nord stream 2 .......poor citizens...
@aktob3167 ай бұрын
Define raising wages? The wages that can't match the inflation and energy bills is just useless.
@mikejess047 ай бұрын
Sadly it’s the price you pay for being an American poodle.
@heijd7 ай бұрын
Germany needed digitization in the 00s. German bureaucracy has stalled since the 80s and it will take a lot of painful short-term decisions to get back to an acceptable efficiency
@Arch4977 ай бұрын
Clemens Fuest's forehead is the most German forehead I have ever seen. One could tell he was German from 1 kilometre away, without having to hear his accent.
@shaunmckenzie55097 ай бұрын
Yes, lots of them have that same 'look'
@jonyjk12677 ай бұрын
easy, because high cost for production, especially for electrical power.
@Ben-gq9tx7 ай бұрын
> "Wages are rising" lmao, ever heard of inflation adjustment? real wages are waaaaaay down
@luisvasquez50157 ай бұрын
Underdigitalization of Germany's ancient bureaucracy
@blackmaster9997 ай бұрын
THE WHOLE OF EUROPE IS IN DECLINE.
@no_more_spamplease51217 ай бұрын
No. Poland has been growing, for instance.
@rahuldevgun87037 ай бұрын
Cost structure of the nation + moving manufacturing to China + Govt policy to move from Internal combustion engine (Germany "was" a auto giant) to Electric
@ForceOfNatureRelaxation7 ай бұрын
If your friend is US and A then you don’t need enemies 😂
@Hulegu_Khan057 ай бұрын
At least germany is climate-friendly.
@jps01177 ай бұрын
@2:27 Germany has a *service* sector?! (Sorry, bad joke.)
@TeohKok7 ай бұрын
Simples as the energy price is high.... Germany loss everything to US until their pipe line been blow off😢😮😢😮😢