Re:Why Germans Work Fewer Hours but Produce More: A Study in...
by justincormack on Saturday November 15, 2014 @02:41PM
(#8612438)
Germany also produces non luxury and non investment goods, it has a world class engineering industry producing all sorts of products.
In reality Germany is just an export nation with solid centuries-old world-known brands, a currency of an emerging country [0] and stagnating wages [1], producing luxury and investment goods, while Asia's growth creates demand for these like crazy.
[0]: http://www.forbes.com/sites/moneybuilder/2013/06/20/greece-d...
[1]: http://www.diw.de/sixcms/detail.php?id=diw_01.c.342374.de