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Ignitionnet · 06-02-2011, 10:54

I was just surfing and noted a quite interesting factoid.

http://www.reuters.com/article/2011/...7100FU20110201

Why would they do that? Simple, wages in Germany have been essentially flat for several years and there has been zero growth in consumer spending in the past 8 years - they are strongly export based rather than concerning themselves with domestic consumption.

http://www.ft.com/cms/s/0/3eea6b80-2...#axzz1CcQ3xwpc

Can you imagine prolonged wage freezes in the UK?

06-02-2011, 10:54	#65
Ignitionnet Inactive Join Date: Jun 2008 Location: Leeds, West Yorkshire Age: 47 Posts: 13,995	Re: 'Shock' Contraction in the UK economy I was just surfing and noted a quite interesting factoid. http://www.reuters.com/article/2011/...7100FU20110201 Why would they do that? Simple, wages in Germany have been essentially flat for several years and there has been zero growth in consumer spending in the past 8 years - they are strongly export based rather than concerning themselves with domestic consumption. http://www.ft.com/cms/s/0/3eea6b80-2...#axzz1CcQ3xwpc Can you imagine prolonged wage freezes in the UK?