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by nicbou 1044 days ago
> The whole "we need even more immigrants" is wage suppression propaganda.

No, it's required to keep the pension scheme solvent.

2 comments

You're describing a Ponzi scheme. Maybe the Pension pot shouldn't be dependent on quantity of people and more on amount they put in.
And also to keep the low prices of German products which keeps German businesses competitive and thus Germans employed, taxes paid, etc.
You're making the race to the bottom manufacturing sound like an advantage Germany should aspire to. You have it backwards.
I think German themselves made that race to the bottom when they selected cheap Russian gas as their main competitive advantage - as you very well noticed.

Do you think German manufacturing can compete with Chinese one once salaries grow?

No, but is wage dumping the long term solution? Or is that bandaid on a arterial bleed?