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by karllager
3191 days ago
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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. |
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