The ZEW economic sentiment index for Germany surged to 26.3 in July, more than doubling from 10.5 in the previous month and significantly exceeding the market forecast of 17.5, according to data released by the Leibniz Centre for European Economic Research (ZEW).
That sounds great if it turns out to be true. Cars alone can’t be the future. Do you have any reliable estimates for how many will be employed there and by when? The time window to get the soon unemployment auto workers new jobs is likely quite short.
Probably because these people deliberately chose to work part time and could always have worked full time if they wanted and have nothing to do with current government reforms?
I have no accurate estimates about the future industries since it’s too uncertain. But there are lots of guesstimates out there, that’s what consultants are for after all…
Higher premiums for overtime (only for fulltime employees) and holidays and lower income taxes can help change those deliberate choices. Also, maybe the SPD will end the subsidies for non-working spouses.
I wish, you would share some because as much as these techs are interesting fields of research, I have high doubts that they will provide significant employment in the near future.
As for overtime, Germans are already working over a billion hours of often unpaid overtime per year. They don’t need incentives to work longer, they need the work they already provide to be reimbursed first.
Just ask chatgpt to find some papers with guesstimates. It’s really good with that.
Both paying for current unpaid overtime and more paid overtime would drive demand. It’s all about raising household incomes!
Yes, let’s agree on that part at least and let’s hope that it happens at some point.