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Growth in the industrial Mittelstand may be higher than in the overall German economy. A mismatch between skills supply and demand has been a problem in Germany for years, as you can see in this graph which shows the position of European countries on the Beveridge curve

While low offered wage rates for skilled workers might be a factor, it is certainly not the only one: cultural preference for non-technical, non-manual jobs is an important factor, too.

"People only accept change when they are faced with necessity, and only recognize necessity when a crisis is upon them." - Jean Monnet

by Melanchthon on Tue Jan 25th, 2011 at 12:06:19 PM EST
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