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by ChuckNorris89 1885 days ago
>If what's currently happening to Germany (uninterrupted boom since > 10 years) is decline, then let there be more of it.

If by boom you mean the boom of big business profits that don't trickle down to the workers, boom of wealth inequality, asset prices, property prices and rents then yes, but that's nothing to be proud of.

Average wages of workers in Germany have not kept up with this boom but cost of living has risen.

1 comments

Average real wages in the last ten years have steadily increased after being stagnant before. Inequality is lower in Germany than in China or the US.

I am not argueing that Germany is some kind of utopia. I am just saying: Find a better place to live. It will not be one of the dominant countries. It will be Switzerland etc.

Agreed that it is not too bad in Germany, but the trend is pointing in the wrong direction. It is unclear whether there are political parties that have a reasonable response to the current challenges - some are complacent about it, and some go a bit overboard (Die Linke advocates a wealth tax of 5% a year for wealth above EUR 1m).