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by karllager 3191 days ago
Gini coefficient is the among the highest in Europe, about 0.76. About ten years ago, a neoliberal shift loosened labor laws and saved the overall economy by letting less skilled workers not get unemployed, just take a pay cut (what France is trying to push now against a lot of protests, since government realized, the global party is over).

Wages in Germany stagnated as well, domestic trade is dwarfed by export. Living has gotten much more expensive in the cities continuously moving the shrinking middle class further down.

Germany has a track record of being strong enough, so that revolutions seldom happen. But if they happen, the are almost guaranteed to be catastrophic.

1 comments

In France it's not seen as an altruist idea but as a favor to the company heads, risking too many unhealthy balance in the employee / employer relationships. An opportunity for more wild Uber management scheme in a way. When Germans talk about this idea in their country, it seems a good idea that I would back right away. But somehow nobody trusts French CEOs not to profit too much from the new flexibility.