那提西-德国-经济理论-“懒惰”的德国人

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1、FlashEconomicsThe"Germans’laziness"24January2018-96Itissurprisingtoseethatdespitecompanies’significantmodernisationoftheircapital,labourproductivityhasstagnatedinGermanysince2007,economy-wideandinmanufacturingindustry.Also,ithasbeenannouncedthatIGMetall(themetalindustryunion)isdemandingmajor

2、wageincreasesandatransitiontoa28-hourworkweek.Isthisnotasignofthe"Germans’laziness",adeclineinGermanemployees’tasteforworkandintheirworkeffortgiventhesenseofprosperity,whichthereforemakesitpointlesstogotheextramile?Theweakproductivitygains-andeventhedeclineinpercapitaproductivityiftheworking

3、timewasreduced-negativelyaffectsGermany'scostcompetitivenessanditspotentialgrowthinasituationoffullemploymentandpoliticalpressuretoreduceimmigration.PatrickArtusTel.(331)58551500patrick.artus@natixis.com@PatrickArtuswww.research.natixis.comDistributionofthisreportintheUnitedStates.Seeimport

4、antdisclosuresattheendofthisreport..FlashEconomicsWeakproductivitygainsinGermanyThemodernisationofcapitalissignificantinGermany(Table1),yetproductivitygainshavebeenweak,economy-wideandinindustrysince2007(Charts1AandBand2AandB).Table1:Stockofindustrialrobots(per100jobsinthemanufacturingsector

5、)YearUnitedStatesUnitedKingdomGermanyFranceSpainItalyJapanSweden19980.400.260.940.460.320.682.920.7219990.460.291.050.520.370.762.960.7620000.520.321.160.590.460.862.950.8520010.610.371.260.650.570.962.780.8920020.690.401.370.700.641.022.770.9420030.780.431.500.770.701.082.900.9820040.860.45

6、1.640.860.761.163.031.0820050.980.501.740.940.841.243.251.1920061.070.521.851.020.921.293.081.2420071.160.541.931.070.991.343.061.2920081.290.551.941.121.041.393.041.3820091.430.541.981.161.201.442.891.5220101.500.542.081.231.251.502.841.5520111.540.552.161.241.351.512.901.5920121.590.612.18

7、1.241.401.502.961.6320131.690.632.251.201.431.502.941.7220141.800.682.351.201.431.552.841.8420151.900.702.431.211.491.602.752.1220162.030.742.511.271.511.612.762.292017*--2.661.261.561.67--(*)EstimateSources:IFRInternationalFederationofRobotics,Nat