Posted on 03/23/2017 9:56:40 PM PDT by Olog-hai
A growing gap between rich and poor in Germany could sap social cohesion in Europe’s largest economy and most populous country, a government report warned on Thursday.
“If the differences between poor and rich are felt to be too big in a society, and wealth seems mostly to be acquired without rewarding work, then acceptance of the economic and social order can shrink,” the labor ministry study said. […]
In Germany, the richest 10 percent of households own more than half of all the wealth in the country, while the poorest 50 percent hold around 1.0 percent, Labor Minister Andrea Nahles told journalists at a press conference Thursday. Two thirds of the wealth in the country originates from inheritances or gifts.
Meanwhile, opportunities for children to climb higher on the career ladder than their parents have dwindled. …
(Excerpt) Read more at thelocal.de ...
Germany is in complete melt down because of the muzzies.
The last thing she should worry about (and report on) is the haves and the have nots
What happens in Germany, stays in Germany, right?
Can’t help the content; it’s Agence France-Presse.
Only include people born and raised in Germany and I bet the numbers are a lot different.
Besides, the queer mayor of Berlin bragged that Berliners were poor but sexy so what's the big deal? Isn't the libido the master of the German soul?
What happened to the other 49%?
They did just add a whole lot of have-nots, so that may explain a bit of it.
Part of this issue goes back over 10 to 20 years (before the refugee issue ever arose). There is a stagnation of salaries. Companies rarely do pay-raises, and people rarely flip or switch jobs. So you find “Hans” sitting there at age 40 and having worked 23 years for such-and-such company, and only having 3 pay-raises in that entire period.
Toss in a fragile market for company survival, increasing cost-of-living situations, taxation....and you have risk for the middle-class worker.
You have a fair number of people waking up around age 60 now and realizing that their pension will only be in the 700 to 800 Euro range...nowhere near enough for any decent retirement....so they have to plan on working to 68, and maybe even have a part-time job after that. Poverty-pensioners are now a weekly topic on German TV, and the government can only work up welfare-supplements to help cover this mess.
On the immigrant addition, few Germans grasp the massive problem that they’ve created. If you have 100,000 guys show up who are 24-to-30 years old...well, they might get jobs and help to contribute into some pension pot for themselves....BUT there almost ten years of contributions that they missed out on. So in 40-odd years when they retire...they will be missing 20-to-30 percent of what a normal German will have on pensions. How will they make up for that? Massive usage of tax-revenue for welfare supplements. It’ll cost billions per year to cover what they didn’t contribute into the pot. Not a single political figure in Germany will talk to that one simple point.
I grew up DIRT POOR in Oklahoma. I never even had a Barbie doll and they were pretty cheap, we couldn’t afford one. I didn’t have heat and AC until 1967. And OK winters are COLD and summers are HOT. But we only had what we could afford. We didn’t eat a lot of meat. Dessert was for birthdays and perhaps Thanksgiving dinner. We ate a lot of potatoes and green beans. What did it do to me, or FOR me, growing up so poor???? I learned to appreciate everything. We learned to WORK for what we wanted and needed. I paid my own way through college and graduated in four years with a double degree. I had college loans that I repaid in full, on time. I worked summers at Liberty Glass in Sapulpa. It was 106 outside and 110 inside the plant in the afternoons. It was so hot, made me work harder to graduate from OSU and NOT end up at L.G. forever. Yes, I grew up very poor. My mom grew up even poorer. She had no indoor plumbing or electricity out on the farm. Eight kids. She had seven siblings. Grow up rich and you never appreciate anything. Grow up poor and you appreciate everything!!!!!!
Ah! Liberty Glass. I remember them
Im thinking that the imported 24-30 year olds are vastly less skilled and productive than native Germans, and will never approach German productivity.
And that they will also have a multiple of the native German unemployment rate.
These sorts of things are a bigger deal than even missing some years of pension contributions.
You are right about Germans being surprisingly poorly paid, vs their reputation for productivity.
Having watched the whole event unfold over the past four years...I’d say that of million-odd immigrants who will get the visa...probably 10-percent will have a degree, craft, or occupation that enables them to fit into the German system. The rest are dependent upon job training deals.
A lot of these folks will end up as burger-flippers, UPS-drivers, or warehouse people....making minimum wage. All of this will stir up their feelings in five to ten years as they realize that they have a dead-end job by age twenty-five and will never make more than minimum wage....in a country that is extremely costly to survive.
The national minimum wage situation should have gone up three or four years ago...but thanks to the new arrivals...I think the current minimum wage of 8.50 an hour will be around for another five to eight years. It’s only creating more problems down the line.
Once the robot/automation deal starts to occur with American burger operations...a lot of these guys will be let go in Germany as the new technology gets installed here.
Of all countries to go and think that immigration will be a cake-walk...I’d rank Germany near the absolute bottom. But they were the only ones with the door completely open and all these benefits offered.
Clueless socialist libs see they’re under attack, and blame it on something unrelated. They have tunnel vision, seeing capitalism as the cause of every woe.
All 21,000 Porsche Employees in Germany to Receive €9,111 Bonus
But capitalists see the private sector as the problem, not the government. So in a socialist revolution, the capitalists become the government, only now they have the power to steal.
How long before they blame the Jooos?
Germany is about the most egalitarian country possible.
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