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Test19s t1_j9u4p9o wrote

How does Germany have both a labour shortage and falling real wages? Something doesn’t work there unless we’re seeing the country’s economic carrying capacity shrink faster than its workforce.

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Reasonable_Ticket_84 t1_j9ucd9r wrote

>Something doesn’t work there

Simple, the same problem in the US. The rich are getting richer, they are refusing to pay their employees more and will even still try to cut wages to increase profit.

Then they cry "nobody wants to work anymore" for the next decade.

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Test19s t1_j9ud7e1 wrote

Can’t they literally just raise wages a bit without their business model collapsing?

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mata_dan t1_j9y1h36 wrote

Doesn't most of the developed world have a labour shortage and falling real wages? Germany are the most developed that also have a big reliance on gas so it makes sense.

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Test19s t1_j9z2e52 wrote

Shrinking workforce + shrinking aggregate supply?

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