[lbo-talk] Any Experts on the German Economy Out There?

[Michael Perelman]

I would expect that wages would start to increase if business is hampered 
by labor shortages.

True, the shortage stressed skilled, rather than workers in general.  Even 
so, I found the contradiction interesting.

On Sat, Aug 28, 2010 at 12:10:45AM -0400, Doug Henwood wrote:
> 
> On Aug 28, 2010, at 12:07 AM, michael perelman wrote:
> 
> > The Wall Street Journal has two articles about German.  One describes how German wages are stagnating, despite the expansion.
> > 
> > Here is the first articles:
> > 
> > Thomas, Andrea. 2010. "German Workers' Wages Belie Country's Rebound." Wall Street Journal (15 August).http://online.wsj.com/article/SB10001424052748704296704575431240767523752.html?mod=WSJ_World_MIDDLENews
> 
> What's the question? It's all true.
> 
> Doug
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-- 
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu
michaelperelman.wordpress.com