[fabianholzer]

It's being used in the German political discourse since at least the first term of the Schröder government in the late 1990es, which is about where I started following the news and politics more closely. It has been used cynically as justification for every thinkable cut into the social system ever since, from lobbying against a minimum wage to moving up the retirement age. You won't find many people, except for politicians and lobbyists, that'll still use the term unironically. It seems there are remarkable parallels on the other side of the Atlantic ocean.