An entire country that has stagnated in innovation because they just want to be stable and let the rich trickle down their wealth has stagnated. I am shocked.
I applied for an English speaking job there - supposedly remote - and they asked me if I could move to Germany. “Remote” to them was a synonym for hybrid. After checking out more job ads and asking up front what was meant by “remote”, it became clear that most companies in Germany weren’t being honest or willingly clueless about remote work.
For some reason used to have this image of technological prowess, precision, and progressiveness. Those days are probably long gone.
It’s a tax issue. They can’t hire remote workers without German tax residency. Some companies try to work around it, but it isn’t easy.
Yep. Even when you’re German and you have a 100% remote job, you may not work from another country for more than x days or things become complicated for the company. We were told that very officially at my last job and at the same time we were given very long time buffers for occasions where we might be called into the office for whatever and the few colleagues affected by that got the hint and kept infos about extended visits to friends and families to themselves. Nobody looked at ips on the VPN gateway and everyone was happy.
Obviously that does not work that way when you employ a person from an entirely different country.
Do you have any information or sources for your claims or is it just “Germany bad”?
Which claim are you referring to?
I mean last year bankruptcies were very high too but the number of newly founded companies was also at a record high. A lot of things are changing right now. That‘s for sure.
Yeah, the number of bankruptcies in Germany are more or less and the same level as they were before the pandemic, as the stats show. We see similar developments in all countries for which there are reliable public data.
Countries have been facing strong headwinds in Germany and practically all countries, at least in the larger economies. But European economies seem to be a bit better positioned than their peers in other parts of the world. Just wait what happens in China if domestic consumption doesn’t get up soon. The country is facing its first asset investment decline in 30 years, its domestic property market - usually contributing ~20 percent of the country’s GDP - has been increasingly facing troubles with bankruptcies of companies that were once seen as ‘role models’ for China’s economic strength.
The current issues in Germany and Europe are strong reason for a further de-risking policy and a re-industrialization, producing more on the continent rather than betting in cheap imports.
Just imagine the war in Ukraine ends. That would mean less investment into military and more in civilan production to rebuilt Ukraine. Maybe more importantly though, the EU can stand up to the US much more easily, if Russia is no longer such a big problem. This would be especially usefull for improving the Euro vs the USD.
The Russian war machine is up and running. The war must not end for them. If they win Ukraine further war is coming. If they lose, further war is coming. If their economy collapses they may stop. But transitioning to peace is difficult.
