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How the power balance between workers and employers is shifting | DW Business 

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The latest strike by Lufthansa's ground staff in Germany marks the fourth major strike in the country within a few weeks. This series of strikes has not only disrupted travel across Germany but has also highlighted deeper issues within the country's economy, including rising inflation, a tight labor market, and the potential for another year of recession. Carsten Brzeski, chief economist at ING, joins DW Business to discuss how these strikes reflect the overall mood in the country, the impact on the economy, and the reasons behind the increasing frequency of industrial actions.
#strike #risinginflation #economy
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1 июн 2024

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Комментарии : 102   
@lg206
@lg206 3 месяца назад
I sense this will be a common occurrence worldwide. You cannot expect to have a society where 85% of the people are struggling to maintain the basics, 10% live comfortably and the top 5% live an incredible life at the expense of the bottom 85%.
@KSfreaky
@KSfreaky 3 месяца назад
i disagree, that's exactly what you should expect, because it's been like this for most of human history.
@tammy2760
@tammy2760 3 месяца назад
​@@KSfreaky Just because it's been that way it doesn't mean it's a good thing and it doesn't mean we shouldn't do something about it.
@KSfreaky
@KSfreaky 3 месяца назад
@@tammy2760 i agree with that, all i’m saying is that expectations are not based on real world situation though.
@tammy2760
@tammy2760 3 месяца назад
@@KSfreaky Sorry, I misunderstood your comment. Have a nice day!
@luiscobos123
@luiscobos123 3 месяца назад
It hasn't been like for all of human history. Just the past 15 years. It goes by percentages. In the 90s and early 2000s you wouldn't say the same thing. There is too much speculation going on from top to bottom. The top getting most of rewards and the bottom kids playing and dreaming of being stockbrokers​@@KSfreaky
@Yrmwulf
@Yrmwulf 3 месяца назад
"More money for the same work..." Absolutely false phrasing here. German workers had next to no share in profit growth for decades now while cost of living rose steadily.
@daniel_rossy_explica
@daniel_rossy_explica 3 месяца назад
I fund extremely funny that all the countries in Europe are "struggling with high inflation" and call a 2.9% "high inflation". Meanwhile, here in Argentina we have an annual inflation of over 150%.
@amroagami573
@amroagami573 3 месяца назад
Any inflation is bad.
@NullTypeError
@NullTypeError 3 месяца назад
It should be ended with dollarization.
@fajarcahyono3693
@fajarcahyono3693 3 месяца назад
Even if it's only 0.1%, that's still inflation and still bad LoL. I am a small business owner and inflation make my business down because the cost of business is rising up while consumer confidence is still the same or even dropping. Currency should be backed by gold and stop the non-sense money printing called QE I am from Indonesia, our inflation YoY in 2023 is "Only" 1.5% but people still very angry with that
@NullTypeError
@NullTypeError 3 месяца назад
​@@amroagami573 well, it's not bad if wages rise together with inflation rate. You can't use same amount of money for years, economy must grow.
@NullTypeError
@NullTypeError 3 месяца назад
@@fajarcahyono3693 but there is one big issue, there is no that gold amount to back amount of money circulating across the globe.
@Contessa6363
@Contessa6363 3 месяца назад
That's right! Workers of the world 🌍🌍 Unite!!
@simba8665
@simba8665 3 месяца назад
This is the only reason they are trying to ramp up immigration. To get cheap labor and underpay current employees
@tammy2760
@tammy2760 3 месяца назад
Preach
@BodyTrust
@BodyTrust 3 месяца назад
DW interviews a bourgeois economist to tell us how "unrealistic" the workers are in demanding livable wages. Rank-and-file workers and union reps are glaringly absent from this "discussion." And I love the look of terror on the interviewer's face throughout.
@Ryanowning
@Ryanowning 3 месяца назад
When you chart the math it makes sense why he says it's unrealistic. Capital is hyper inflated despite the comparatively low wages, but this is because of not enough competition. Capital would deflate significantly if we broke up all of the major companies and gutted the zombie companies as well as killing off the scam companies whom are consuming all investment with only pyramid scheme returns. If we fail to break up major companies then our economy is going to collapse in it's entirety and the upper rich will not survive. It's this final problem that the rich aren't hearing correctly, they rightly are trying to defend themselves, but see the demands as threats when, in reality, it's possible for their cooperation to benefit them. They just can't see how losing something works out for them in the long run despite carrying that same argument for the poor. It's perhaps because of their dismissal for the needs of the poor that leads them to dishonesty and thus unfortunately their disconnect. If we're going to recover we cannot be disconnected. The rich need to be brought back into the fold. They need to see the investment opportunity in the poor.
@abody499
@abody499 3 месяца назад
So pay the people enough and there will be no issue.
@NullTypeError
@NullTypeError 3 месяца назад
That's not possible with current Germany's economic model. If you will pay more, export will cost more and Germany lose concurrency with other countries. So Germany need to keep wages low to be competitive. Or finally change economic model to something more realistic.
@abody499
@abody499 3 месяца назад
​ @NullTypeError nonsense. stop repeating the tropes they put out to mislead.
@NullTypeError
@NullTypeError 3 месяца назад
@@abody499 who are they? You can check export percentage in GDP of Germany and US to compare
@abody499
@abody499 3 месяца назад
​ @NullTypeError executives
@arsenystarostin662
@arsenystarostin662 3 месяца назад
The export oriented model is dead anyway because China won't keep growing at the rates it used to + all the geopolitics. Better to transition sooner than later.
@toi_techno
@toi_techno 3 месяца назад
Inequality is causing massive social unrest. Governments have to start ensuring people get their fair share of the wealth that our work generates rather than a constant flow of wealth to the already rich.
@NullTypeError
@NullTypeError 3 месяца назад
Who will decide what if fair and what not? Another bureaucrat that should be paid from your taxes?🤣
@gaborrajnai6213
@gaborrajnai6213 3 месяца назад
The strike comittees maybe? We can turn it around and ask that by what right the government tells to the workers, that they actually have to work to maintain that so called acceptable level of service. If they decide to go all in, and refuse to work, thats their choice, if the state tells, that they can only reduce their output, that means, they also have to put their leverage against the employer.@@NullTypeError
@prasadshirke7517
@prasadshirke7517 3 месяца назад
So basically communism?
@superbotnotabot
@superbotnotabot 3 месяца назад
​@@prasadshirke7517Do you even know what communism is?
@NoctLightCloud
@NoctLightCloud 3 месяца назад
they are taxing more, but are also trying to find more and more people who are willing to work for minimum wage, outcompeting those who aren't.
@gaborrajnai6213
@gaborrajnai6213 3 месяца назад
If you could give the farmers what they wanted, you can give the workers what they want.
@Turbo_TechnoLogic
@Turbo_TechnoLogic 3 месяца назад
People rise up everywhere. Big corporations, super rich and leaders went too far. 2020 showed everything. You are right when you feel that your money went to the 0.1% ultra rich and you struggle more and more. This was all very much on purpose and you have let it happen.
@timmy-wj2hc
@timmy-wj2hc 3 месяца назад
Workers of the world, UNITE!💪
@unstanic
@unstanic 3 месяца назад
It's sad that we have to strike for the self-evident. I hope other countries follow and force governments to get serious on the cost of leaving. Put their hands on big companies that they should already be doing
@XxXenosxX
@XxXenosxX 3 месяца назад
Screw the companies and the stock price, people need money NOW or they won’t even be able to retire.
@emiliaerle6030
@emiliaerle6030 3 месяца назад
I think German trade unions should reach out to immigrant workers more often. I worked 5 yrs in German in Lebensmittel industry, always as an outsourced worst paid worker (through Leihfirmen). I had had experience in unionizing, I speak 3 languages and even contacted organizations like faire Mobilitat to advise me on one case when the contractor didn't pay for overtime and they ignored me, there was no presence of unions at factories, no leaflets left at canteens or posters on boards. Schade
@whatgoesaroundcomesaround920
@whatgoesaroundcomesaround920 3 месяца назад
Companies and their shareholders are going to have to reduce their expectations regarding profits. Workers deserve a bigger slice of the pie, in every sector.
@marcsaxer5142
@marcsaxer5142 3 месяца назад
Cringeworthy. Rarely seen so many fundamental mistakes in an interview. Negative inflation? Labor productivity low? Aging society bad for labour? How was this aired?
@Andre-qo5ek
@Andre-qo5ek 3 месяца назад
regulating corporate profits... that's a HUGE part or a solution.
@dxd42
@dxd42 3 месяца назад
When Ukraine joins EU, what the Farmers will do? 😂
@NullTypeError
@NullTypeError 3 месяца назад
Haha true
@gaborrajnai6213
@gaborrajnai6213 3 месяца назад
You gave the reason why Ukraine will never actually join the EU.
@stevenhenry5267
@stevenhenry5267 3 месяца назад
Ridiculous
@JoseSantos-xh9mp
@JoseSantos-xh9mp 3 месяца назад
And the workers will pay the bill. Not the rich!
@anm3037
@anm3037 3 месяца назад
Is this DW a News Company or an Interview Establishment?
@makeupbymarcio
@makeupbymarcio 3 месяца назад
The way the reporter was asking questions is blaming the workers for striking. She was taking sides.
@jamesa1841
@jamesa1841 3 месяца назад
Who is the interviewer?
@VarkeyChinnadan
@VarkeyChinnadan 3 месяца назад
If things are like this in Germany soon DW workers will declare strike to increase their wages...
@OZUndead
@OZUndead 3 месяца назад
Industrial society and its consequences have been a disaster for the human race.
@cosminmorga1331
@cosminmorga1331 3 месяца назад
We should have a decent wage for a decent life... all around the world
@larsf.6901
@larsf.6901 3 месяца назад
High Quality Videocall Quality made in Germany!
@michko7979
@michko7979 3 месяца назад
Beide haben einen sehr starken Akzent, aber bei ihr hört man richtig krass das Deutsche heraus...
@nxo91
@nxo91 3 месяца назад
TRIVIAL
@toonarmy9855
@toonarmy9855 3 месяца назад
Because politicians they love Ukraine more than their people, change to far right parties, their ideology is the their people must come first.
@nukiolbartes6279
@nukiolbartes6279 3 месяца назад
When the west decouple it gives local labour more bargaining power
@inotaarto8719
@inotaarto8719 3 месяца назад
Just quick math, 3 000 000 unemployed say 1000 euros of benefits a month 36 000 000 000 a year, payed by tax payers. No wonder they want ppl working and lower inflation.
@wilhelmvanbabbenburg8443
@wilhelmvanbabbenburg8443 3 месяца назад
😂😂😂 Germany investing? 😂😂😂
@amunra5330
@amunra5330 3 месяца назад
And you guys are worried about China 😂😂😂
@JoseSantos-xh9mp
@JoseSantos-xh9mp 3 месяца назад
Workers of the world UNITE! Karl Marx
@tindrums
@tindrums 3 месяца назад
If ur jobs are protected, strikes will be there as you dont give a f about customers..
@stevenhenry5267
@stevenhenry5267 3 месяца назад
Wrong
@rki7068
@rki7068 3 месяца назад
I wonder if the labor market statistics are as disingenuous as those in the US
@hand587
@hand587 3 месяца назад
She seems really nervous and unsure of herself
@reginaerekson9139
@reginaerekson9139 3 месяца назад
6:53 in 2009 when I made $50k, I had a house, car and social life - but I lived paycheck to paycheck. I had credit cards and that doesn’t count in America if you have personal debt. They make you default and they put a lean on your house if you have one. Your car can’t be too nice but inflation my $5k car cost $15k. Insurance is going up a lot with housing and utilities in addition to food.
@reonalfa1562
@reonalfa1562 3 месяца назад
Take everything from the elite
@user-vh5iu6oi7z
@user-vh5iu6oi7z 3 месяца назад
Trade union should own the company.
@bm-kb8kh
@bm-kb8kh 3 месяца назад
Slava kokaine! And germany imploding.
@brojo355
@brojo355 3 месяца назад
It´s hardly imploding, its more about a general change in our employment-market. Since we are short-staffed in certain areas (especially those, who are pretty low paid for their work efforts), the leverage for this Jobgroups is changing rapitly. So their Unions can and are asking for more and more wages, free days, other compensations etc. . And most of them are right, with their demands imo. The market makes the price... And as long the Job-Market wont change, this will get more and more. The Protest of the farmers and other self-employers are just paralell and another problem, which needs to be adressed. But all in all, they are not related.
@superbotnotabot
@superbotnotabot 3 месяца назад
This is like saying Sweden is imploding.
@lenkiatleong
@lenkiatleong 3 месяца назад
These farmers will not protest if the govt prints more money to help them on top of giving aids and money to Ukraine. In other words, keep pressing the NOS button to boost the engine's performance.
@stevenhenry5267
@stevenhenry5267 3 месяца назад
Ridiculous nonsense
@alikerimerkan
@alikerimerkan 3 месяца назад
Solution: Put all farmers in retirement and employ full automation robotics. These farmers are asking for incentives, not for improvements.
@GeorgeJoubert-id2cv
@GeorgeJoubert-id2cv 3 месяца назад
There is a tree working really hard to make the oxygen you are wasting, you should go and apologize to it
@ceroandone
@ceroandone 3 месяца назад
Implementing automation through the use of robots requires a technical team or skilled laborers, which can be more costly than traditional labor, especially during a pandemic. Technical and trained labor is often in short supply and can command higher wages. Therefore, it's important to carefully consider the costs and benefits of automation versus traditional labor when making decisions about implementing new technology.
@makeupbymarcio
@makeupbymarcio 3 месяца назад
Terrible reporter
@aleksandarmilosevic4629
@aleksandarmilosevic4629 3 месяца назад
No more cheap russian oil and gas. Send tax money corrupt Zelensky, thanks
@NullTypeError
@NullTypeError 3 месяца назад
Are you saying that Merkel's corruption is okayish? She made Germany's economy totally depended on Russian gas and oil. How is Zelensky connected to that?
@stevenhenry5267
@stevenhenry5267 3 месяца назад
The Russian bits in here are pathetic
@newdelphi1883
@newdelphi1883 3 месяца назад
German workers are so lazy, I don't fly through there anymore
@JoseSantos-xh9mp
@JoseSantos-xh9mp 3 месяца назад
it is not true!
@Greshan_freenbecky
@Greshan_freenbecky 3 месяца назад
Thanks to government for sending billion money to Ukraine, 😌
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