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Symptomatic of the risk of a squeeze within their planning horizon. That might mean that the squeeze is already here, or it might mean that they believe that there's a credible risk that it might happen a couple of years down the road.

Or they might be concern trolling for an expansion of the labour force (read: destruction of the pension system and turning higher education into vocational training) on general principles.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Jan 26th, 2011 at 02:43:22 PM EST
[ Parent ]
The second proposition is pretty unconvincing, given the type of labour we're talking about here - manufacturing workers who go through some form of vocational training anyway.
by afew (afew(a in a circle)eurotrib_dot_com) on Wed Jan 26th, 2011 at 03:09:44 PM EST
[ Parent ]
These arguments may be assuming rationality where none exists.

Conservatives aren't known for their grasp of reality. They're more likely to practice frog-twitch economics - kill the economy, dissect it, electrocute it, say 'hmm' when it twitches, then throw it away and try to find a new economy to torture.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Wed Jan 26th, 2011 at 03:21:06 PM EST
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German Mittelstand manufacturors are, in general, seen as having more than a nodding acquaintance with reality.
by afew (afew(a in a circle)eurotrib_dot_com) on Wed Jan 26th, 2011 at 04:08:36 PM EST
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Maybe technological reality, but I submit they're likely to be Austrian gold bugs when it comes to economics.

Keynesianism is intellectually hard, as evidenced by the inability of many trained economists to get it - Paul Krugman
by Migeru (migeru at eurotrib dot com) on Wed Jan 26th, 2011 at 04:13:12 PM EST
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But destruction of the pension system is right up their alley.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Jan 26th, 2011 at 03:32:36 PM EST
[ Parent ]
Yeah.

It may be concern trolling, of course. But I think availability of skilled manufacturing labour is a factor to watch in Germany, since it may well cramp their style.

by afew (afew(a in a circle)eurotrib_dot_com) on Wed Jan 26th, 2011 at 04:07:00 PM EST
[ Parent ]

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