WAGE RESTRAINT IN SLOVENIA AND GERMANY.

New Post (101) : WAGE RESTRAINT IN SLOVENIA AND GERMANY.

Germany and Slovenia have, chosen to liberalize their rigid labour markets,
-albeit at the margins.
Sure, population ageing is certain to put a strain on their generous social welfare systems
So, putting more people to work is the best way to guarantee their sustainability.
As countries with strong trade unions, the German and Slovenian governments have always relied heavily on social dialogue to promote economic goals.
It is, therefore, unsurprising that the two countries' impressive export performance is based on the same policy – “wage restraint”.
i.e. wage growth lagging behind productivity growth, that lowers production costs and makes exports more competitive.

Makes mighty good sense to me.

You get the much desired growth, more people employed, and a reined in inflation that benefits all !
In an old fashioned way, you'd recognize this approach as being---"some sacrifice by all for the larger good of all".
Prudence or Wisdom ---!!! ...I reckon---BOTH.

I tip my (grandpa's, frayed at the edges...) hat to Germany and Slovenia.
Salute !

Charlie Brown

AM I SUFFERING FROM EARLY "DEMENTIA" ?

New Post (100) : AM I SUFFERING FROM EARLY "DEMENTIA" ?

The list of signs and symptoms mentioned in various sources for Dementia includes the symptoms listed below:
• Dementia
• Mental decline
• Cognitive loss
• Memory loss
• Short-term memory loss
• Forgetfulness
• Personality changes
• Behavioral problems
• Confusion
• Repeating questions
• Becoming lost in familiar places
• Loss of judgement
• Inability to drive
• Unable to follow directions
• Disorientation
• Neglecting personal safety
• Neglect of hygiene
• Neglect of personal appearance
• Neglect of nutrition

Be watchful of these symptoms in those near and dear to you.

Charlie Brown