那提西-德国-经济理论-“懒惰”的德国人-20180124-7页

FlashEconomics24January2018-96PatrickArtusTel.(331)58551500patrick.artus@natixis.com@PatrickArtuswww.research.natixis.comTheGermans’lazinessItissurprisingtoseethatdespitecompanies’significantmodernisationoftheircapital,labourproductivityhasstagnatedinGermanysince2007,economy-wideandinmanufacturingindustry.Also,ithasbeenannouncedthatIGMetall(themetalindustryunion)isdemandingmajorwageincreasesandatransitiontoa28-hourworkweek.IsthisnotasignoftheGermans’laziness,adeclineinGermanemployees’tasteforworkandintheirworkeffortgiventhesenseofprosperity,whichthereforemakesitpointlesstogotheextramile?Theweakproductivitygains-andeventhedeclineinpercapitaproductivityiftheworkingtimewasreduced-negativelyaffectsGermanyscostcompetitivenessanditspotentialgrowthinasituationoffullemploymentandpoliticalpressuretoreduceimmigration.