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Germany's unemployment rate lowest since 1991
Topic Started: Jan 3 2012, 06:27 AM (232 Views)
Axtremus
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HOLY CARP!!!
Article: http://www.bbc.co.uk/news/business-16390429

Despite the Euro Zone crisis, Germany is exporting itself to prosperity.

So who has been buying all the German cars?
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Mikhailoh
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If you want trouble, find yourself a redhead
It's Mark's fault. George's too.
Once in his life, every man is entitled to fall madly in love with a gorgeous redhead - Lucille Ball
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Klaus
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Actually most of the new jobs are in the small and medium-sized businesses and not in the large car makers.

Ironically, the current economic success is in part due to social security cuts (so-called "Hartz concept") that were performed by the former left-wing government in 2003-2005. The irony is that the same left-wing parties nowadays wish that they had never implemented these reforms. It is also ironic that the conservative party CDU, which is formally more 'market-oriented', does not have the guts to continue these reforms and has even reversed some of the cuts.
Trifonov Fleisher Klaus Sokolov Zimmerman
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Axtremus
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Klaus
Jan 3 2012, 07:30 AM
... the current economic success is in part due to social security cuts (so-called "Hartz concept") ...
OK, I had to look up "Hartz concept" to understand what you're talking about.

Wikipedia's summary of the "Hartz concept": http://en.wikipedia.org/wiki/Hartz_concept

Very different from what we Americans call "Social Security" (two capital S'es).
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JBryan
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I am the grey one
Yes, two capital S's mean something different in Germany.
"Any man who would make an X rated movie should be forced to take his daughter to see it". - John Wayne


There is a line we cross when we go from "I will believe it when I see it" to "I will see it when I believe it".


Henry II: I marvel at you after all these years. Still like a democratic drawbridge: going down for everybody.

Eleanor: At my age there's not much traffic anymore.

From The Lion in Winter.
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Klaus
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Axtremus
Jan 3 2012, 07:37 AM
Very different from what we Americans call "Social Security" (two capital S'es).
Isn't Social Security in the US also about unemployment programs and benefits and similar issues?

The main idea of the Hartz concept was to increase the pressure on unemployed people to look for a job (by cutting benefits quickly) while at the same time providing more opportunities to get or create a job.
Trifonov Fleisher Klaus Sokolov Zimmerman
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JBryan
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Social Security in the US is apart from unemployment programs. It is a separate entity funded by payroll taxes dedicated to the program and provides retirement benefits along with disability and survivor benefits.
"Any man who would make an X rated movie should be forced to take his daughter to see it". - John Wayne


There is a line we cross when we go from "I will believe it when I see it" to "I will see it when I believe it".


Henry II: I marvel at you after all these years. Still like a democratic drawbridge: going down for everybody.

Eleanor: At my age there's not much traffic anymore.

From The Lion in Winter.
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Axtremus
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HOLY CARP!!!
Klaus
Jan 3 2012, 07:54 AM
Axtremus
Jan 3 2012, 07:37 AM
Very different from what we Americans call "Social Security" (two capital S'es).
Isn't Social Security in the US also about unemployment programs and benefits and similar issues?
This first sentence from Wikipedia on Social Security sums it up best: In the United States, Social Security refers to the federal Old-Age, Survivors, and Disability Insurance (OASDI) program.

The Social Security Act (originally enacted in 1935) and its various amendments do touch on many other social/welfare programs. But in every day speech, when an American say "Social Security," he usually refers to the OASDI program (more the "Old-Age, Survivors" parts and less the "Disability" part).
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Kincaid
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The "Hartz Concept" sounds a bit like the Welfare reforms enacted under Clinton in the 90's.
Edited by Kincaid, Jan 3 2012, 10:57 AM.
Kincaid - disgusted Republican Partisan since 2006.
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