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Thread: How Real Is The Current German Economic Miracle?

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    Politics.ie Member General Urko's Avatar
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    Default How Real Is The Current German Economic Miracle?

    I was in Germany recently and was surprised to find that it has no minimum wage, a point clarified by the German ambassador on a discussion on the German economy on PK subsequently!
    So can it really be called a miracle if established workers have been forced to take very little by way of pay increases, a once great social welfare system has been destroyed to bits under Hartz IV rules, workers cannot usually retire until 68, workers pay AFAIK, relatively high taxes and many workers are effectively forced into doing low paid work, not for the good of their communities as in CE schemes here, but for the likes of Supermaxie!
    To what extent will Angela try and superimpose all this madness on top of us and will she succeeed?

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    Politics.ie Member Telemachus's Avatar
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    The German people arent having any kids, their problems are going to get a whole lot worse over time. They have abnegated themselves as german Author Thilo Sarrazin has said.
    ..the Irish nation can become other than white, by privileging the voices of the racialised and subverting state immigration but also integration policies. Ronit Lentin

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    Quote Originally Posted by General Urko View Post
    So can it really be called a miracle if established workers have been forced to take very little by way of pay increases
    But German workers are happy with this arrangement. They don't seek crazy pay increases, and in return they're happy with the persistently high employment and economic stability they have enjoyed for the last 50 years as a result of the broad economic consensus.

    Why do trade union hacks insist that it's always all down to pay rates?

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    Politics.ie Member stopdoingstuff's Avatar
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    What miracle?

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    Quote Originally Posted by stopdoingstuff View Post
    What miracle?
    Persistent stable growth and low unemployment for the last 30-40 years, with the only blips being approximately 2% contractions in 1968/69, and in 1974 during the oil crisis. Added to that the progressive establishment of an excellent welfare state, albeit one which is now threatened by an ageing population, as are other systems across Europe.

    I'd call that a miracle when you consider that most of the rest of the world has gone through 2/3 crippling recessions in the 1970s, 80s, and the 2008-2012 period.

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    Politics.ie Member TiredOfBeingTired's Avatar
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    Quote Originally Posted by stopdoingstuff View Post
    What miracle?
    Senor Ferrari: Might as well be frank, monsieur. It would take a miracle to get you out of Casablanca, and the Germans have outlawed miracles.
    Casablanca
    Sometimes there is very little between historical and hysterical. One passes for the other. In time, the former remains forever, the latter is quickly replaced...

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    Politics.ie Member stopdoingstuff's Avatar
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    Quote Originally Posted by Ryan Tubbs View Post
    Persistent stable growth and low unemployment for the last 30-40 years, with the only blips being approximately 2% contractions in 1968/69, and in 1974 during the oil crisis. Added to that the progressive establishment of an excellent welfare state, albeit one which is threatened by an ageing population.

    I'd call that a miracle when you consider that most of the rest of the world has gone through 2/3 crippling recessions in the 1970s, 80s, and the 2008-2012 period.
    Most of Western Europe, the USA, Japan and Korea have had similar performances. The more recent "miracles" in South East Asia, China and India are equally as impressive. But the question he asked was about the "current" miracle, and I hold that it is far from miraculous.

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    The minimum wage is far too high in Ireland it needs to be cut to €6.50 per hour, if it means more jobs been created especially for younger people then so be it.
    "War is never economically beneficial except for those in position to profit from war expenditures."-Ron Paul

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    Politics.ie Member General Urko's Avatar
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    Quote Originally Posted by True Republican View Post
    The minimum wage is far too high in Ireland it needs to be cut to €6.50 per hour, if it means more jobs been created especially for younger people then so be it.
    Odd that somebody calling him/herself "true Republican" should hold a view like that!

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    Quote Originally Posted by General Urko View Post
    Odd that somebody calling him/herself "true Republican" should hold a view like that!
    Not at all, its better to have someone working instead of been unemployed. Wouldn't you agree?
    "War is never economically beneficial except for those in position to profit from war expenditures."-Ron Paul

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