Published: 3 Dec 12 16:18 CET | Print version
Online: http://www.thelocal.de/money/20121203-46543.html
The number of self-employed Germans who need basic state support to survive because they do not earn enough money themselves has almost doubled in recent years, according to a study published on Monday.
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Your comments about this article:
This country is becoming a low wage economy but nobody is letting the public know ,not that there would be much reaction with the look after no1 attitude that is the norm now.
If you just used free market principles, you wouldn't have all these subsidies. Germany is on a downward spiral.
If the economy is failing the choice is to cut government spending and to expect private industry to invest more, which it is supposed to do because people, having no state assistance, will have to work for whatever money they are offered.
But who would buy the additional goods this increased private investment will provide? Certainly not the low-paid workers employed to produce the goods or the other workers whose wages have been held down or reduced because of the introduction of a low wage economy.
Fr. Dr. Merkel like Thatcher before her is treating the state economy just as she would her household budget. She should have a wider perspective of what governments can do during a recession; actions which are not available to the ordinary person.