Wednesday, September 21, 2022

Two Economic Questions On Germany

 1.  Is there a labor shortage in Germany?

Well....unemployment rests at the end of August at 3.2 percent.  The 2020 rate was at 3.8 percent.

If you walk around Frankfurt or Wiesbaden, in various stores, bars, cafes, bakeries and restaurants.....there are signs up for employment (full-time, part-time and mini-job status).  In a one-hour walk of the city center of Wiesbaden, I can probably spot around forty signs.  

If you go to the internet and you have specialized skills?  In my region, there are way over 3,000 jobs in the mix.  If you look at the Frankfurt Airport?  A minimum of 1,000 potential jobs are advertised between them, and their associated 'partners'.  If you go talking to most heating, plumbing or tile companies....they are all begging for apprentice folks, with billets sitting there empty.

It's been like seven years since it was 5-percent unemployment, and 12 years since it was near 7-percent.  

What is generally said is that the birthrate problem has finally come into focus, and unless you find non-Germans with some work-background to move in.....this trend will continue.  

2.  Are people on German welfare (the Hartz IV community) getting a better heating bill deal than working people?

Well....it got figured out in the past ten days....that the welfare system pays the rent and utility bill out of the government's pocket.  So virtually none of the welfare folks face a 400 Euro (a month) natural gas bill....the government will cover it.

Working class people figuring this out?  Yeah, and it's pretty discouraging that they will pay close to 5,000 Euro to cover the heating bill.  This is going to draw a lot of negative attention.  

No comments: