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Workers have been made to work more, for lower wages, and collective agreements have been torn down. Prpductivity is up, as are entreprise profits.

(Note that this wage differential between France and Germany dates back only to the past 2-3 years)

Note that shrinking public service is also associated with subpar growth...

Note also that the phenomenon is linked to the brutal export growth on the past few years - a lot of it, I expect, to China and other emerging countries: Germany being specialised in capital goods (machines, and machine-making machines), thye are benefitting from the industrialisation of these countries.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Wed Jan 31st, 2007 at 11:16:01 AM EST

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