On Sep 20, 2010, at 4:10 PM, Angelus Novus wrote:
> low domestic wages
Ok, the U.S. Bureau of Labor Statistics <http://www.bls.gov/fls/#compensation> has hourly compensation in German manufacturing at 103% of U.S. levels in 2000 and 149% in 2008 (expressed in US dollars). Certainly the currency has a lot to do with this, and, yes, a lid has been kept on German wages despite strong productivity gains, but "low" German wages are not.
Doug