Hey nicely put 👍 The Roman Empire became a church The British Empire became a bank And the US Empire is fast on its way to becoming an only Fans/Tick Tock fanboy.
One of the main reasons why Germany economy is struggling not mentioned by invited politician is that Germany no longer have cheap fuels from Russia, so previous business strategy based on cheap energy failed really badly for Germans
@@terbog How is "a lot of energy is wasted in Germany" ??? It's the industrial hub of Europe . It needs energy. What will happen now is you will not be competitive, loss of manufacturing to overseas countries, Lost work force and taxes. But, how is the energy wasted ???
My wife had to go part time last year because of continued kindergarten and school strikes, closures, and unavailability. Usually it's women feeling the brunt of this lack of support from the state. Maybe ensuring also the education system works properly could help in retaining more women in full time jobs... ...and as a foreigner who recently became a German citizen, I am still appalled by the amount of bureaucracy I need to go through, especially through paper, pen, and snail-mail. I have friends that got so annoyed that they left Germany for other countries. Countries where they can speak English more easily, and where you can do everything online. Even Ukrainians, who have a country at war, are better off in this regard...
10 years in germany, I am leaving this country for good! Bureaucracy is horrible, taxes are nearly the highest in EU. Aging population and extremely unfirendly people.
Yesterday dr denied treatment as i cannot speak good German. I am not a burden on economy. I am well qualified engineer contributing to the Germans economy.
He was speaking good English. He denied just by saying, this is Deutschland and you should speak Deutsch. I didn't have time to talk to you in English and just left the room. Come on he is a Dr.
@@lv3609 it's difficult as my kids are in school and most education is in German. Changing country would greatly affect their education. Plus i already own an apartment, managing would be another challenge
That is rude of him to say. Remind him of the Hippocratic Oath. Hope you find a better doctor soon. Doctors do their entire education in German and they might not remember all medical words in English, especially older ones.
I have been working in Germany and been paying my taxes here for more than 7 years now. I have never met such frustrated and entitled people before. The only reason why I'm still here is that I'm making a nice high salary since my firm cannot apparently find German natives who are competent in my field. All in all most of my interaction with germans have been poor, even though I can speak the language. I don't really care about that personally, as I have enough money not to have to interact with those people. But I do have many friends who already left because of that and the fact that Afd is on the rise. Germans needs to be constantly reminded that their whole social system would collapse without foreign workers like us.
I must agree that the unsocial, unfriendly, ignorant and “unverschämt” behavior of the Germans is appalling. I don’t blame anyone for leaving, even their own youth emigrate to escape it.. For a country with so much potential it’s really a shame to watch them throw it all away.
You hit the nail on the head! My bf has recently set up his Einzelunternehmen in Germany and had to deal with "ping pong mail letters" from Finanzamt. Not mentioning the fact that he is an AI expert and already have 3 German clients offering him €1000/hourly rate, and he is over the moon happy about the overall salaries... bang he has to pay 45% taxes as a Freelancer.
My point of view as an IT professional is that I don’t need to move to Germany to write code. I have been working remotely for 7 years now mostly for US and French clients but I feel there is a lot of resistance from German companies for remote work. Mostly they require on site personel that I don’t find necessary.
You need one person on the ground but others can contribute remotely. The systems are not perfect you need to check if the signal and what actual happens align.
Germany should stop blaming covid etc., the core of the short term future problem is expensive energy which caused cheap Russian-gas-depended Germany to lose the competition power. The core of long term future problem is US digested Europe's ability in many important areas such as technology, demography, stability and so on.
There's one thing: if the consumption and purchasing power is declining in Germany and Europe (the dispensable income crisis since inflation kicking in through western countries), what's the point of investing in larger production of goods?? Who are you going to sell to? German cars are not selling well and are pushed into the upper niche markets: cars cost over EUR100.000 (incl. options and VAT); At the for the 4th industrial revolution: AI, software technology, battery building, quantum physics, etc. There seems only two players: China and US. Europe has surrendered its entire tech market to US since 20 years ago, there's no way back (there will never be a European version of Facebook, google, Instagram, etc), everything digital in Europe is American! If you have surrendered your digital industry to foreign counterpart, how on earth are you going to build your future industry?
Hmmm... 🤔 Are you sure? Spotify = Sweden, SoundCloud = Sweden, Opera search engine = Norway, Opera mini = Norway, Opera GX = Norway, Vivaldi search engine = Norway, Skype = Estonia, Dailymotion = France, absolute majority of the most famous video games in the world are European too. GTA = UK, Scotland, Assassin's Creed = France, Far Cry = France, Splinter Cell = France, Ghost Recon =France, The division = France, Rayman = France, The Witcher = Poland, Cyberpunk 2077 = Poland, Hitman = Denmark, Just Cause = Sweden, Mafia = Czechia, Stalker = Ukraine, Serious Sam = Croatia, Angry Birds = Finland, and many MANY more. Also the basis for all the PC operating systems of the world is Linux = Finland and even the Symbian OS of Nokia from Finland is the basis of every smart phone operating system today.
That just made Italy, Spain, Portugal, Turkey, and all the former Eastern European countries 6-foot-under, and France is terminally ill. Netherland and Belgium have long Covid. UK lost all limbs.
@@Chrisbsjr yes but for this Migration it is to late! We hat the second and third Generation and they loved Left Politics about Socialdemocratic and Green Partie! I leaved my Land!
On the one hand there is a labor shortage but I keep seeing layoffs: tech companies, product oriented young companies, Volkswagen 3 times this year cutting jobs… Which one is it then?
@@kimmbioplotter6841 European economy is so booming right now that even if all the people get a second job, the job market will not be filled. Let alone that every body is getting such a good salary that most people are lowering their working hours to 80% or 50%. If on top, ECB lowers the rates we will have hyper inflation.
First they have to get rid of ancient German bureaucracy, then they need to reduce social security benefits. I know so many people who get social benefits and work illegally. An middle class German pays 1.5-2k per month tax, and after the tax what left for they is almost similar to the people who works illegally and get social benefits. This makes working totally unnecessary.
One of the ways to expedite this efforts of attracting the intellect to Germany is to be inviting to the international companies who are successful in their fields in other countries - and helping them with bureaucratic steps to do so. Especially when everything here in Germany is in German language only...
Impossible. Any other solution but this will be sought after. Europe will be a poor place in 2 decades due to extremely high cost of living relative to pay. There is no way out..
One of the main problems is German language. It is much harder to be fluent in German than French or English. On top of that, most of the companies don’t accept employees who are fluent in English but not in German. I understand this decision for small-to-medium sized companies, but I don’t understand that for international companies which use English as sole company language. So, why should people bother to learn a such a hard language at least C1 level when they are able to go Canada, Australia or the USA German companies need to ease their language requirements. Otherwise, they will continue to lose much needed skilled labors to other western countries.
One of the key German industry is car manufacturing. However, there’re 2 things that sharply changed in recent years: - since pandemic we’re increasingly doing remote work, so we got a jail free card from dreadful “commute” and that meant sitting in a car in a traffic jam somewhere, 2h to 4h robbed from our lives each day, the trap of “have to work” + “cheap houses are in periphery” - younger generations no longer see having a car as a life goal to achieve early on, cars ownership probably are not at all in their plans Cars are essential in some special circumstances, specially when there’s no nearby stores or in walkable paths. Probably in most of USA you need a car to do shopping, to access entertainment and other public facilities. In Europe I bet there are more walkable paths to nearby supermarkets and hypermarkets, entertainment, and many other stores and facilities. Car markets most probably will change.
German problem is first no more cheap Russian gas. Second Chinese auto makers could steal large part of the market because they can produce same quality car for 20% less. Chinese cars are not what they were , they are good now especialy electric cars from companies like BYD ans Xpeng. Consumers are poorer and cant afford expensive cars and car credits so might be more willing to go for cheaper good quality Chinese cars.
Which is also a problem for the Czech Republic, which significantly relies on Germany as a trade partner with our biggest industry - car manufacturing.. I am actually really concerned about this.
The big industrial companies are ready to inovate, but sometimes they just wait for government incentives and our government is not very good in selecting the right companies. It might be that the Brandenburg Tesla plant only acts as a stimulant to business. Sadly many local inovations are build somewere else, this is a decades old unsolved german issue. One of the strongest recent inovations comes (partially) from two private owned german companies, Zeiss and Trumpf.
Tough conversation, but certainly a common challenge for most western countries. Canada for instance has been very proactively increasing immigration, by attracting international students who end up immigrating. Has it been easy, not by a long short, we hear of nightmarish housing challenges in Canada's large cities like Toronto, but increased immigration is also forcing governments to thinking about increased (affordable) housing, etc.
When does the economic growth come after that? Canada is hardly an example for Germany since we have no economic output besides branches of american companies and resource extraction. Immigration is a massive racket here to basically force people into what almost amount to indentured servitude in exchange for all their families savings when they move.
Canada failed because many immigrants are leaving the country due to the climante, high cost livings ecc. i think the problem of the future is attracting young people to one country
They are charging people a lot for work visas and then you have to find the job yourself in a stipulated period or be deported. It's actually a government run scam. Recruit directly from host countries.
Industry 4.0 is a mirage! AGI is a fools errand. By 1970s countries like Japan were as automated as can be even by todays standards . Even Elon said there is a point of diminishing returns in automation. The human hand still reigns supreme. The rise of China and India demands the decline of Europe and USA. I think these are best days of Europe, the absolute pinnacle of health, wealth and happiness. China and India will never be as rich, but Europe will meet then on the way down.
With renewables not able to fill demand and energy cost to high to keep German manufacturing competitive How does bringing in a million immigrants help productivity?
I'm an electronic engineer. Years ago I tried to move to Germany. It was so damn hard to be legalised that I gave up and stayed in my own country. I made a sucessful carrer and now I'll see from my cozy sofa Germany become "West Afeganisthan". Good luck with that.
Bravo for the interviewer, permanently enphasizing the serousness of the topics. On the contrary, Ms Malmendier smiling and even laughing about them. Quit blaming the covid. All measures, social and economical, mentioned are oriented to the SURFACE of the actual problem, which is, ENERGY AT REASONABLE PRICES NOW.
Happy this issue is getting talked about and nothing but respect for Ulrike Malmendier but how is pushing women from part time into full time work instead of encouraging them and couples in general to have more kids not going to worsen the problem long term while serving as a short term bandage? Heightening immigration is a good short term bandage as well but it only works as long as those countries of origin stay poor, plus there is the moral dilemma of rich countries facilitating increasing amounts of brain drain from developing countries. I think increasing immigration for the short term and emboldening people to have more children (we will have to change our current values to some degree for that) for the long haul is the only way for all developed countries to get out of this mess while also reducing our hampering of the economic development of poorer countries. People on the right will have to reduce their xenophobia and people on the left will have to reduce their insistence on women working full time as the only standard for fullfilled and powerful women - to achieve this goal.
The pension age may have to go up to help finance ( the rest of the eu) the German pension system. Recovery from covid, supply chain issues, no more cheap energy, lower demand from China. Another contributing factor not mentioned is the bad brexit deal the eu negotiated on behalf of its member states.
10 місяців тому+2
It seems Italy, we are on the same challenging way 🤓
Germany is not likely to be competitive in heavy industry in the future unless they get serious about advanced high temperature nuclear power plants. Besides, a materially intensive renewable-centric grid is not likely to be practical for most of the world.
No that not only it, you population is decline because you industrialize to fast. You ran out of babies in early 2000 now your running out of middle aged adults. But your not only country with this problem Japan, South Korea, Canada, Russia, and China all has this problem. So to slow the decay of their economy they moved their factories overseas to make money because their home population no longer support them.
it's so simple and you guys make it so complex. People who retired at 60, 15 years ago - got the lotery ticket. They worked 30-35 years and got retired for average 30 years. This will never repeat again, no matter what anyone promise you. If you are 20-40 years old - most probably you will never be able to retire. So pay minimum amount for retirement to state and live well while young, save, invest and rely on your money.
Since Germany is a country for women, the reference to Old Man is offensive to me. Why not the old Hag of Europe? Meaning a creature in the night of somewhat paralytical state, which indeed it is.
The German Mittelstand are like Startups, specially those family based Mittelstands. The only difference is they don’t rely on venture capitalists, or public funds created for Startups.
No that will not help, you see starting this year and next year many Germans are retiring. And their is no young generation Germans big enough to replace them.
@@mandarinandthetenrings2201 There is much talks nowadays about AI. I’m a bit skeptical on all the hype, but if one take a more sobering view one can see applications, as helping tools. For me, bring on the robots, bring on automation. The above, doesn’t mean Germany have to have a Google, have to have a Microsoft and that for various reasons. There can’t be numerous Google, there can’t be various Microsoft. And finally, ALL Western rich countries can’t be doing the same very things, all going mainly Service Economy, all relying only in IT industry. Germany citizens (and all of us) need to have knowledge how to use these new tools to our advantages without giving out too much of personal data or data in general. And these platforms DO Need content and users, take UA-cam as example. The other important “leg”, European academy should not drop the ball in forming good Human Capital in IT, engineering, maths, but also humanistic like journalists, historians, entertainers, and the like.
I would say that a lack of natural gas is what is hurting Germany. Don't feel bad, guys. The entire global economy is doomed, so everyone will fall together.
As someone living the economic downturn of this beautiful country, the assessment is hilarious because I didn’t hear anything about the sole reason for the recession: expensive energy source. History will be harsh on this particular German government for not putting German economic prosperity first.
I want to know where are the good jobs? Where are the cities that you can live eith quality of live? If only the elite can live well we have a big problem!
There is much talks nowadays about AI. I’m a bit skeptical on all the hype, but if one take a more sobering view one can see applications, as helping tools. And so, bring on the robots, bring on automation. The above, doesn’t mean Germany have to have a Google, have to have a Microsoft and that for various reasons. There can’t be numerous Google, there can’t be various Microsoft. And finally, ALL Western rich countries can’t be doing the same very things, all going mainly Service Economy, all relying only in IT industry. Germany citizens and all of us need to have knowledge how to use these new tools to our advantages without giving out too much of personal data or data in general. And these platforms DO Need content and users, take UA-cam as example. The other important “leg”, European academy should not drop the ball in forming good Human Capital in IT, engineering, maths, but also humanistic like journalists, historians, entertainers, and the like. Do and promote R&D, stay at bleeding edge of research and innovation even if you cannot create companies out of it: people will be going to work to Google subsidiary in Germany, IBM subsidiary in Germany, etc
Germany was happy when putin sold them cheap oil and gas and economy was booming. And that's why they didn't allow cyprus and greece to exploit their natural gas. There is unlimited gas and oil reserves bellow crete and around Cyprus. Thank god putin invaded ukraine and usa and germany allow us to drill in the sea.
EU member country citizens are not able to make full use of freedom of movement because of language issue. English should become the common language of all countries for official purposes like administration, jobs, etc. Then EU will become a good single market, there by increasing it's competitiveness
The main reason of Germany troubles is the green transition, but its going to affect all Europe. The consequence of going green will be, more expensive energy, less reliable energy grid and deindustrialisation. The result of moving the industry in countries where the energy is cheap will be higher greenhouse emission than we produce today and movement of taxpayers money to Asia, while Europeans will stay without work. Congratulation to our leaders!
Germany is in a good shape, it doesn't need to do anything as long as it keeps freedom and democracy and tightly align with US in the center of its policy. Germany produces 1st class lecturers such as Baerbock, von der leyen in the world with 0% growth, it definitely can produce even more these type of products.
Germans are known for their welcoming of varied ethnic groups. I think I learned about it in history class. They welcome a large variety of secular whites
Domino.. it just one move.. actually there are more...can guess what... alone now..where friend...odd... loyal pay by ignore... maybe that what they call friends...how sad..joke😂
An inward looking video. The fact is that Germany cannot prosper in a world at war. The Ukraine war was an unneceesary war which could have been avoided by signatories (incl German) honouring the Minsky agreement. But US-NATO opted for a proxy war and this had a severe negative impact on the German economy. Now there is a war in Palestine/Israel which again could have been avoid by honouring a prior UNSC resolution to implement a 2-state solution. So a second unnecessary war raising energy prices. Soon a possible US-Iran war which many many US hawks are chonping at the bit to start. When that war starts Germany and the whole world will suffer economically. Can Germany play a role in slowing down the US impulse for war ? Perhaps not. But Germany cannot blame itself for all its economic ills.
Germany is an analog economy in a digital age.
Hello👋👋
Hey nicely put 👍
The Roman Empire became a church
The British Empire became a bank
And the US Empire is fast on its way to becoming an only Fans/Tick Tock fanboy.
One of the main reasons why Germany economy is struggling not mentioned by invited politician is that Germany no longer have cheap fuels from Russia, so previous business strategy based on cheap energy failed really badly for Germans
No. They are pushing German economy to the bottom so that daddy US can be revived.
I thought Germany wanted to get rid of fossil fuels anyways? German Leadership/economy was faltering way before the Ukraine War.
That is part of the problem. A lot of energy is wasted in Germany, where other countries have moved on to more efficient solutions already.
Well I live in Germany and the economy is booming. These clowns just want to put pressure on ECB to bring the rate back to 0% or even -1%.
@@terbog
How is "a lot of energy is wasted in Germany" ???
It's the industrial hub of Europe . It needs energy. What will happen now is you will not be competitive, loss of manufacturing to overseas countries, Lost work force and taxes.
But, how is the energy wasted ???
My wife had to go part time last year because of continued kindergarten and school strikes, closures, and unavailability. Usually it's women feeling the brunt of this lack of support from the state. Maybe ensuring also the education system works properly could help in retaining more women in full time jobs...
...and as a foreigner who recently became a German citizen, I am still appalled by the amount of bureaucracy I need to go through, especially through paper, pen, and snail-mail. I have friends that got so annoyed that they left Germany for other countries. Countries where they can speak English more easily, and where you can do everything online. Even Ukrainians, who have a country at war, are better off in this regard...
Hello👋👋
Then go to Ukraine and apply for their citizenship
@@luciferjohnson8495 found the racist
@@luciferjohnson8495and then to the front😮
10 years in germany, I am leaving this country for good! Bureaucracy is horrible, taxes are nearly the highest in EU. Aging population and extremely unfirendly people.
Yesterday dr denied treatment as i cannot speak good German.
I am not a burden on economy. I am well qualified engineer contributing to the Germans economy.
He was speaking good English. He denied just by saying, this is Deutschland and you should speak Deutsch. I didn't have time to talk to you in English and just left the room.
Come on he is a Dr.
Can you consider (edit) learning (autocomplete wrote “leaving”, I was intended to write “learning”) German, maybe??
Since you’re already there…
@@lv3609 it's difficult as my kids are in school and most education is in German. Changing country would greatly affect their education.
Plus i already own an apartment, managing would be another challenge
@@lv3609 He is paying the pension of old people here, for which there is already a deficit. Boomers should be thankful to him.
Bist du AFDler?
That is rude of him to say. Remind him of the Hippocratic Oath. Hope you find a better doctor soon.
Doctors do their entire education in German and they might not remember all medical words in English, especially older ones.
I have been working in Germany and been paying my taxes here for more than 7 years now. I have never met such frustrated and entitled people before. The only reason why I'm still here is that I'm making a nice high salary since my firm cannot apparently find German natives who are competent in my field. All in all most of my interaction with germans have been poor, even though I can speak the language.
I don't really care about that personally, as I have enough money not to have to interact with those people. But I do have many friends who already left because of that and the fact that Afd is on the rise.
Germans needs to be constantly reminded that their whole social system would collapse without foreign workers like us.
I must agree that the unsocial, unfriendly, ignorant and “unverschämt” behavior of the Germans is appalling. I don’t blame anyone for leaving, even their own youth emigrate to escape it.. For a country with so much potential it’s really a shame to watch them throw it all away.
You hit the nail on the head! My bf has recently set up his Einzelunternehmen in Germany and had to deal with "ping pong mail letters" from Finanzamt. Not mentioning the fact that he is an AI expert and already have 3 German clients offering him €1000/hourly rate, and he is over the moon happy about the overall salaries... bang he has to pay 45% taxes as a Freelancer.
Hello👋👋
@@gulianorman2412 hello👋👋
May I ask where you are from?
My point of view as an IT professional is that I don’t need to move to Germany to write code. I have been working remotely for 7 years now mostly for US and French clients but I feel there is a lot of resistance from German companies for remote work. Mostly they require on site personel that I don’t find necessary.
Hello 👋
You need one person on the ground but others can contribute remotely. The systems are not perfect you need to check if the signal and what actual happens align.
Germany should stop blaming covid etc., the core of the short term future problem is expensive energy which caused cheap Russian-gas-depended Germany to lose the competition power. The core of long term future problem is US digested Europe's ability in many important areas such as technology, demography, stability and so on.
Europe as a whole has sold its soul to the United States.
Germans' frugality and their desire not to take risk are the fundamental problem that is killing or cause start up flight.
There's one thing: if the consumption and purchasing power is declining in Germany and Europe (the dispensable income crisis since inflation kicking in through western countries), what's the point of investing in larger production of goods?? Who are you going to sell to?
German cars are not selling well and are pushed into the upper niche markets: cars cost over EUR100.000 (incl. options and VAT);
At the for the 4th industrial revolution: AI, software technology, battery building, quantum physics, etc. There seems only two players: China and US. Europe has surrendered its entire tech market to US since 20 years ago, there's no way back (there will never be a European version of Facebook, google, Instagram, etc), everything digital in Europe is American!
If you have surrendered your digital industry to foreign counterpart, how on earth are you going to build your future industry?
Hmmm... 🤔 Are you sure? Spotify = Sweden, SoundCloud = Sweden, Opera search engine = Norway, Opera mini = Norway, Opera GX = Norway, Vivaldi search engine = Norway, Skype = Estonia, Dailymotion = France, absolute majority of the most famous video games in the world are European too. GTA = UK, Scotland, Assassin's Creed = France, Far Cry = France, Splinter Cell = France, Ghost Recon =France, The division = France, Rayman = France, The Witcher = Poland, Cyberpunk 2077 = Poland, Hitman = Denmark, Just Cause = Sweden, Mafia = Czechia, Stalker = Ukraine, Serious Sam = Croatia, Angry Birds = Finland, and many MANY more. Also the basis for all the PC operating systems of the world is Linux = Finland and even the Symbian OS of Nokia from Finland is the basis of every smart phone operating system today.
Who?
Germany is the sick man of Europe now..
That just made Italy, Spain, Portugal, Turkey, and all the former Eastern European countries 6-foot-under, and France is terminally ill. Netherland and Belgium have long Covid. UK lost all limbs.
have some baklava and tea
Cold reception plus the difficult german language coupled with bureaucratic system makes it difficult for immigrants to stay and make it home.
I have never seen any other German speaking out the reality so clearly!!! I hope everyone in Germany is listening.
The problem is inifnite growth on a finite planet... which like obviously lol
Mostly Germans do speak English good enough. What kind of foreign language do you speak? Or you speak only English?
@@Chrisbsjr yes but for this Migration it is to late! We hat the second and third Generation and they loved Left Politics about Socialdemocratic and Green Partie! I leaved my Land!
They just want to make the ECB to pivot. Which reality? This show is just to make the ground ready for bringing the rates back to 0%.
@@oskar4404 he meant depicting reality, not the English speaking skills.
No mention on the reliance on Russian gas?
and Chinese goods!
@@kimchan382for now that's not a problem
It's the sick man of Europe. Not the old man.
Germany has managed to take the mantle off The UK......Congratulations
On the one hand there is a labor shortage but I keep seeing layoffs: tech companies, product oriented young companies, Volkswagen 3 times this year cutting jobs…
Which one is it then?
Germany and Europe lost focus on growth and its people for 20 years, now the Europeans will pay the price
Europeans are paying the price? 😂
@@AH-fm7rjyea what do you think?
@@kimmbioplotter6841 European economy is so booming right now that even if all the people get a second job, the job market will not be filled. Let alone that every body is getting such a good salary that most people are lowering their working hours to 80% or 50%. If on top, ECB lowers the rates we will have hyper inflation.
I studied this in 2002 and I thought surely it won't happen, I thought we will come up with a solution.
First they have to get rid of ancient German bureaucracy, then they need to reduce social security benefits. I know so many people who get social benefits and work illegally. An middle class German pays 1.5-2k per month tax, and after the tax what left for they is almost similar to the people who works illegally and get social benefits. This makes working totally unnecessary.
Peter Zeihan used to talk about this years ago so hearing it now from DW it's not surprising to me at all
U need to reduce tax on labor, that would help.
Or accutally tax the rich they expect to put such high taxes on the middle class Germans while ingnoring tax evasion from the rich they would be fools
One of the ways to expedite this efforts of attracting the intellect to Germany is to be inviting to the international companies who are successful in their fields in other countries - and helping them with bureaucratic steps to do so. Especially when everything here in Germany is in German language only...
Hello👋👋
How about making it affordable to start a new family (house, children garden...).
Impossible. Any other solution but this will be sought after. Europe will be a poor place in 2 decades due to extremely high cost of living relative to pay. There is no way out..
By heritage only, but even this way is being impaired by higher heritage tax, as now planned
One of the main problems is German language. It is much harder to be fluent in German than French or English. On top of that, most of the companies don’t accept employees who are fluent in English but not in German. I understand this decision for small-to-medium sized companies, but I don’t understand that for international companies which use English as sole company language. So, why should people bother to learn a such a hard language at least C1 level when they are able to go Canada, Australia or the USA German companies need to ease their language requirements. Otherwise, they will continue to lose much needed skilled labors to other western countries.
One of the key German industry is car manufacturing.
However, there’re 2 things that sharply changed in recent years:
- since pandemic we’re increasingly doing remote work, so we got a jail free card from dreadful “commute” and that meant sitting in a car in a traffic jam somewhere, 2h to 4h robbed from our lives each day, the trap of “have to work” + “cheap houses are in periphery”
- younger generations no longer see having a car as a life goal to achieve early on, cars ownership probably are not at all in their plans
Cars are essential in some special circumstances, specially when there’s no nearby stores or in walkable paths.
Probably in most of USA you need a car to do shopping, to access entertainment and other public facilities.
In Europe I bet there are more walkable paths to nearby supermarkets and hypermarkets, entertainment, and many other stores and facilities.
Car markets most probably will change.
German problem is first no more cheap Russian gas. Second Chinese auto makers could steal large part of the market because they can produce same quality car for 20% less. Chinese cars are not what they were , they are good now especialy electric cars from companies like BYD ans Xpeng. Consumers are poorer and cant afford expensive cars and car credits so might be more willing to go for cheaper good quality Chinese cars.
Hello👋👋
@@kristijangrgic9841 hello👋👋
Which is also a problem for the Czech Republic, which significantly relies on Germany as a trade partner with our biggest industry - car manufacturing.. I am actually really concerned about this.
Olaf and his coalition are the real problem!
Germany was frugal when spending on its own future.
You are wrong! Germany paid and paying for theirs Future! Billions are going to Ukraine to save our way of lives, freedom and democracy.
The big industrial companies are ready to inovate, but sometimes they just wait for government incentives and our government is not very good in selecting the right companies. It might be that the Brandenburg Tesla plant only acts as a stimulant to business.
Sadly many local inovations are build somewere else, this is a decades old unsolved german issue.
One of the strongest recent inovations comes (partially) from two private owned german companies, Zeiss and Trumpf.
Hello👋👋
Germany has already taken a lot of immigrants that instead of working are in the Jobcenter, good luck 😅
Tough conversation, but certainly a common challenge for most western countries. Canada for instance has been very proactively increasing immigration, by attracting international students who end up immigrating. Has it been easy, not by a long short, we hear of nightmarish housing challenges in Canada's large cities like Toronto, but increased immigration is also forcing governments to thinking about increased (affordable) housing, etc.
When does the economic growth come after that? Canada is hardly an example for Germany since we have no economic output besides branches of american companies and resource extraction. Immigration is a massive racket here to basically force people into what almost amount to indentured servitude in exchange for all their families savings when they move.
Canada failed because many immigrants are leaving the country due to the climante, high cost livings ecc. i think the problem of the future is attracting young people to one country
Hello 👋👋
@@LeperMessiah01234 hello👋👋
@@markpatolot_ hello👋👋
Unbelievable: Germany has record high immigration of young men but have to increase retirement age.
Are these record high numbers of young men wanting to work in Germany?
Good question, I think no. Why them work, if they get big money from government.
@@svenmaricYes, however most of them legally are barred from working
Germans literally work the least amount of hours in the world, maybe that is a factor?
looking at the French... aha, interesting notion.
@@MrChillerNo1 even the French work over 100hrs more per year. Search OECD analysis on annual worked hours per country from 2017.
@@Timo-qb1gf Touché. Interesting, didn't expect that. Seems Germany, Netherlands, and co. have the work-life balance worked out.
Precise analysis 👏🏽
I see the major problem and I hate the fact that everybody ignores it. 15 percent of immigrants are not employed, which I think speaks volumes..
“Hello, we want to welcome you to Germany! Let us start off by taxing you 42% of your earnings😃” Lol.
@@Brunel1859 man…Germany thought of every possible scenario….lol!
Most of that goes to paying for old people and their healthcare. It's probably at least 50% of the budget.
They are charging people a lot for work visas and then you have to find the job yourself in a stipulated period or be deported. It's actually a government run scam. Recruit directly from host countries.
Germany's advantages in the automobile industry and precision machinery have been replaced by others. How can Germany support its high income?
Industry 4.0 is a mirage! AGI is a fools errand. By 1970s countries like Japan were as automated as can be even by todays standards . Even Elon said there is a point of diminishing returns in automation. The human hand still reigns supreme.
The rise of China and India demands the decline of Europe and USA.
I think these are best days of Europe, the absolute pinnacle of health, wealth and happiness.
China and India will never be as rich, but Europe will meet then on the way down.
With renewables not able to fill demand and energy cost to high to keep German manufacturing competitive
How does bringing in a million immigrants help productivity?
Lady pik up your pens and start to produce in Germany.
New pension reform will be that Germans will retire after age of 70...what an innovative reform. Really helpful.
Watching from my couch in Germany 😊
The sick man of Europe. Germany should have followed UK
If you want this country to be innovative, a good start would be to pronounce the word correctly! Seriously, this was a great interview.
Why is that woman smiling????
Greens in Government ... who'd have thought it ?
I'm an electronic engineer. Years ago I tried to move to Germany. It was so damn hard to be legalised that I gave up and stayed in my own country. I made a sucessful carrer and now I'll see from my cozy sofa Germany become "West Afeganisthan". Good luck with that.
Bravo for the interviewer, permanently enphasizing the serousness of the topics. On the contrary, Ms Malmendier smiling and even laughing about them.
Quit blaming the covid.
All measures, social and economical, mentioned are oriented to the SURFACE of the actual problem, which is, ENERGY AT REASONABLE PRICES NOW.
Happy this issue is getting talked about and nothing but respect for Ulrike Malmendier but how is pushing women from part time into full time work instead of encouraging them and couples in general to have more kids not going to worsen the problem long term while serving as a short term bandage? Heightening immigration is a good short term bandage as well but it only works as long as those countries of origin stay poor, plus there is the moral dilemma of rich countries facilitating increasing amounts of brain drain from developing countries.
I think increasing immigration for the short term and emboldening people to have more children (we will have to change our current values to some degree for that) for the long haul is the only way for all developed countries to get out of this mess while also reducing our hampering of the economic development of poorer countries.
People on the right will have to reduce their xenophobia and people on the left will have to reduce their insistence on women working full time as the only standard for fullfilled and powerful women - to achieve this goal.
Work longer to get only one month of pension. Then you die because of old age. Thats what they want.
One of the best US lapdog has fallen for self-sanction😂😂
Immigration is not good for German . Make AI , Automation in all manufacturing & Agriculture
which country is doing any better???
USA, Canada, Russia, India, Brazil all cheaper energy countries
The pension age may have to go up to help finance ( the rest of the eu) the German pension system.
Recovery from covid, supply chain issues, no more cheap energy, lower demand from China. Another contributing factor not mentioned is the bad brexit deal the eu negotiated on behalf of its member states.
It seems Italy, we are on the same challenging way 🤓
Germany is not likely to be competitive in heavy industry in the future unless they get serious about advanced high temperature nuclear power plants. Besides, a materially intensive renewable-centric grid is not likely to be practical for most of the world.
No that not only it, you population is decline because you industrialize to fast. You ran out of babies in early 2000 now your running out of middle aged adults. But your not only country with this problem Japan, South Korea, Canada, Russia, and China all has this problem. So to slow the decay of their economy they moved their factories overseas to make money because their home population no longer support them.
You just need guinea pigs to your “brand new, no-reported-faults-yet, this is the future and nothing can go wrong” gizmo you’re trying to sell
THE MAIN ISSUE IS HER GERMAN LANGUAGE IF THEY REMOVE LANGUAGE REQUIREMENT DURING 6 MONTH THEY GET SKILL LABIOUR
Why, I thought the Germans were world renowned for their warm wellcome.
Is Ulrike Malmendier also speaking in sign language as she is speaking?
two issues DW like to talk: Chinese econ and German econ....
Well they are German News agency, duh.
Germany needs more kids.
What's the meaning of Deutsche Welle ?
German Wave
it's so simple and you guys make it so complex. People who retired at 60, 15 years ago - got the lotery ticket. They worked 30-35 years and got retired for average 30 years. This will never repeat again, no matter what anyone promise you. If you are 20-40 years old - most probably you will never be able to retire. So pay minimum amount for retirement to state and live well while young, save, invest and rely on your money.
Ok so structural adjustment in energy prices is not really thought of by these experts as a large contributor? Strange. Already loads of immigration.
Since Germany is a country for women, the reference to Old Man is offensive to me. Why not the old Hag of Europe? Meaning a creature in the night of somewhat paralytical state, which indeed it is.
The German Mittelstand are like Startups, specially those family based Mittelstands.
The only difference is they don’t rely on venture capitalists, or public funds created for Startups.
No that will not help, you see starting this year and next year many Germans are retiring. And their is no young generation Germans big enough to replace them.
@@mandarinandthetenrings2201
There is much talks nowadays about AI. I’m a bit skeptical on all the hype, but if one take a more sobering view one can see applications, as helping tools.
For me, bring on the robots, bring on automation.
The above, doesn’t mean Germany have to have a Google, have to have a Microsoft and that for various reasons. There can’t be numerous Google, there can’t be various Microsoft. And finally, ALL Western rich countries can’t be doing the same very things, all going mainly Service Economy, all relying only in IT industry.
Germany citizens (and all of us) need to have knowledge how to use these new tools to our advantages without giving out too much of personal data or data in general.
And these platforms DO Need content and users, take UA-cam as example.
The other important “leg”, European academy should not drop the ball in forming good Human Capital in IT, engineering, maths, but also humanistic like journalists, historians, entertainers, and the like.
The salaries in Germany is also low compare to other European countries German government should think something about that?
It is not germanys fault.
War in Ukraine, no more cheap Russian gas …..loss of Russian market , higher defense expenditure all contributed.
russian market was not really big one. gas yes but not market.I would say china is
@@georgestobbart2690and why china buys gas from russia lmao
i know you really want it to be about russia, you silly russian troll, but it is not. Russia is just a gas station, there are other gas stations...
Energy, energy & energy
I would say that a lack of natural gas is what is hurting Germany. Don't feel bad, guys. The entire global economy is doomed, so everyone will fall together.
Rob words?
Need more labour ? There is actually shortage of jobs.
How will come better?
Germany is paranoid. Last time it was sick man of Europe.😢
women in carrier, lazy having kids is the source of your problem.
Best of luck to one of my favourite countries 🌹🇵🇰💙🌹
For European institutions we are consumers, not citizens.
They will talk😶 ... waiting...🐢
As someone living the economic downturn of this beautiful country, the assessment is hilarious because I didn’t hear anything about the sole reason for the recession: expensive energy source. History will be harsh on this particular German government for not putting German economic prosperity first.
Trump admonished the Germans years ago and they laughed in his face.
Da!
Your country to much difficult and strict a lot.
This is what hapened when your your Euro brothers and American friend forced you to choose side betweeb Russia and Ukraine
How long can German survive without cheap resources around the world specially from Russia 😢
They tried to run their electricity grid from wind turbines. Madness.
what business tactics have you got oh yeah non
I want to know where are the good jobs? Where are the cities that you can live eith quality of live? If only the elite can live well we have a big problem!
There is much talks nowadays about AI. I’m a bit skeptical on all the hype, but if one take a more sobering view one can see applications, as helping tools.
And so, bring on the robots, bring on automation.
The above, doesn’t mean Germany have to have a Google, have to have a Microsoft and that for various reasons. There can’t be numerous Google, there can’t be various Microsoft. And finally, ALL Western rich countries can’t be doing the same very things, all going mainly Service Economy, all relying only in IT industry.
Germany citizens and all of us need to have knowledge how to use these new tools to our advantages without giving out too much of personal data or data in general.
And these platforms DO Need content and users, take UA-cam as example.
The other important “leg”, European academy should not drop the ball in forming good Human Capital in IT, engineering, maths, but also humanistic like journalists, historians, entertainers, and the like.
Do and promote R&D, stay at bleeding edge of research and innovation even if you cannot create companies out of it: people will be going to work to Google subsidiary in Germany, IBM subsidiary in Germany, etc
This woman not good enough to get place ...
Germany was happy when putin sold them cheap oil and gas and economy was booming. And that's why they didn't allow cyprus and greece to exploit their natural gas. There is unlimited gas and oil reserves bellow crete and around Cyprus. Thank god putin invaded ukraine and usa and germany allow us to drill in the sea.
EU member country citizens are not able to make full use of freedom of movement because of language issue. English should become the common language of all countries for official purposes like administration, jobs, etc. Then EU will become a good single market, there by increasing it's competitiveness
Robwords?
Rob Words!
Economic investigator Frank G Melbourne Australia is still watching this very informative content cheers Frank as subscriber 😊
Hey, aren’t you rob words?😂❤
Trump stopped Nord 2 and factories could not compete and China a good customer ran out of money.
The main reason of Germany troubles is the green transition, but its going to affect all Europe. The consequence of going green will be, more expensive energy, less reliable energy grid and deindustrialisation. The result of moving the industry in countries where the energy is cheap will be higher greenhouse emission than we produce today and movement of taxpayers money to Asia, while Europeans will stay without work. Congratulation to our leaders!
wind and solar are the cheapest source of electricity by far, and it means we will no longer rely on authoritarian states. It's a win-win for Europe.
Green transition to coal
@@thegreatdane3627The sun is shining only limited, esp in winter. Wind only temporarily
@@adsonvonmelk5312 wind and solar accounted for 67% of Denmark's electricity in 2023. And it will be even higher in 2024...
Germany is in a good shape, it doesn't need to do anything as long as it keeps freedom and democracy and tightly align with US in the center of its policy.
Germany produces 1st class lecturers such as Baerbock, von der leyen in the world with 0% growth, it definitely can produce even more these type of products.
Germany suck big time, you only pay and pay and pay
Germans are known for their welcoming of varied ethnic groups. I think I learned about it in history class. They welcome a large variety of secular whites
Domino.. it just one move.. actually there are more...can guess what... alone now..where friend...odd... loyal pay by ignore... maybe that what they call friends...how sad..joke😂
Go blue and go trump
An inward looking video. The fact is that Germany cannot prosper in a world at war. The Ukraine war was an unneceesary war which could have been avoided by signatories (incl German) honouring the Minsky agreement. But US-NATO opted for a proxy war and this had a severe negative impact on the German economy. Now there is a war in Palestine/Israel which again could have been avoid by honouring a prior UNSC resolution to implement a 2-state solution. So a second unnecessary war raising energy prices. Soon a possible US-Iran war which many many US hawks are chonping at the bit to start. When that war starts Germany and the whole world will suffer economically.
Can Germany play a role in slowing down the US impulse for war ? Perhaps not. But Germany cannot blame itself for all its economic ills.
Bunch of excuses to make the ECB pivot. What a joke. I live in Germany and the economy is booming. 😅
Sup!!!