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Anorak | Yup, we really should copy the Germans

Yup, we really should copy the Germans

by | 6th, February 2012

IT’S one of those things in the air, you’ve noticed I hope? All these pieces floating around saying that as Germany has low unemployment then we should obviously be doing what Germany has done in order to have low unemployment.

And yes, seems fair enough really. Thing is, you’ve got to work out what it is that Germany has done before you can copy it. And it isn’t as simple as seeing that Germany has apprenticeships so we should, or that Germany has manufacturing, so we should have manufacturing. These are like noting that Germany speaks German so we should speak German.

The big influence upon unemployment is the price of labour. No, not

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Posted: 6th, February 2012 | In: Money Comments (2) | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink