A policy brief with a review of the country’s labour market reforms of the early 2000 reveals that the impact of the reforms is often overstated because they happened to coincide with the end of the country’s decade-long construction bust. The provided data show that the number of citizens listed as having a job has grown by about 15 per cent since the lows in the mid-1990s. But the total number of hours worked is less than 2 per cent higher over the same period and still significantly lower than in the early 1990s. The disconnect between jobs and hours worked went hand in hand with a large increase in the share of Germans at risk of poverty. The author also points out that more than a fifth of the workers are low-paid (wages below two-thirds of the median, or about 10.50 euro an hour as of 2014).
English: http://www.cer.eu/in-the-press/myth-german-jobs-miracle
The policy brief: http://www.cer.eu/sites/default/files/pbrief_german_labour …
[close]