[adventured]

Where are you seeing that the German economy is booming? It hasn't net expanded in ten years.

GDP 2007: $3.44 trillion vs 2016: $3.46 trillion

It has been averaging around 1.5% GDP growth since 2011. That is not booming. Germany may finally climb above the pre great recession era GDP numbers in 2017. Germany is having the problems that it is, precisely due to the lack of meaningful economic growth. There's no scenario where you're going to see almost any wage growth if GDP is mired in 0.5% to 1.5% type expansion; to make matters worse, the next recession will easily swat the recent modest gains right back down (which is one of the many reasons faster growth is a must, inevitably a recession will occur).

[lispm]

BIP in Germany in 2007: 2.5 trillion Euro

BIP in Germany in 2016: 3.1 trillion Euro

https://de.statista.com/statistik/daten/studie/1251/umfrage/...

1.5% GDP growth in a country with a developed economy and a constant population number is actually okay. In such an economy GDP growth is linked to population growth...