I'm leaving Germany after 14 years. I will choose to work less and enjoy life, rather than working longer, faster, harder for less, whilst being taxed to death. If you're not paying enough salary, why should I work more? Your pension trap is irrelevant to me, you can keep my contributions, something tells me, you'll need it more than I will... I will retire, when i choose. Good luck Germany!!
Lots of companies are hiring older people. And this age stigma is going away quite quickly, because older people yes old school and have generational problems, but they're skilled and experienced and many companies are understanding that
Compared to Americans, I am American living in Germany, I am not seeing that Germans work that much… plus the vacation is insane. They are always on Urlaub
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Underpaid, or paying too much in rent. Real estate absorbes more and more of young people's revenues. An aging population tend to vote for politics that make real estate as expansive as possible to make then as rich as possible, like excessive dwelling limitation. By doing so, they destroy the birth rate and make the system collapse.
Look, climate economics without an integrated industrial framework is basically an outright disaster. .as examples every insurer will charge much more because they would measure out of the imagination of risks.. pls go aligned w Trump's new Treasury pick. I think he can save the EU and Britain from climate scams.. before it's too late
It's an economic issue. Nuclear energy is expensive. I have yet to see a positive business case for this discussion. Only if there's a positive business case it'll be worth weighing the risks. So far, it's expensive energy that creates a radioactive trash issue we haven't solved yet. As a cherry on the cake comes a super unlikely, but potentially disastrous worst-case scenario of accidents. If we hadn't slowed investments in renewable energy in the last two decades, we wouldn't need to have this discussion...
@@AlexanderLoehrer im laughing guess you forgot the last time the solar industry went bankrupt in Germany and no one learned their lesson, Nuke is more reliable safer and renewable of course if you are a solar and wind investor you think differently, also solar and wind are very expensive especially wind, and unreliable, look at the craphole california has become because of it highest utility rates in the US and the most unreliable power, they didnt listen to Germany past mistakes either
This has nothing to do with people retiring early. The reality is that Germany has been poorly managed since Angela became chancellor and now it's showing!
We've been saying it in U.S For years...Work harder, work faster, less money. Get three jobs and marriage and children are not financially feasible. When a government cannot government they always enslave the people.
No. This is an issue in my country of Denmark as well. Problem is, people are just getting older than they did before. They get old, they’re entitled to welfare, it becomes more and more expensive year after year: since medicine is now so good at keeping people alive.
@@yesjoeri5298 No it just looked like people had money but they got into debt to try to consume themselves out of a depression. That is what actually is backfiring now. We can't revive the economy with the same strategy because inflation will spiral totally out of control. So now everyone can enjoy their negative net worth and boomers can try to convince zoomers that it's actually a good investment for them to buy an ordinary villa for 650k USD with their salaries that barely covers the rent of a 1 room apartment.
@@markushaahr9194 you don't think even the welfare of the retirees are also included in the economic profits? Doesn't mean giving benefits for them is not good for economy while that welfare also part of the economic trades that give big companies huge profits. The question is where are the huge profit goes?.
problem is this : politicians have no idea what its to work in a company...they have never worked in their life :) and policies are made by these kind...:)
Germany has not invested in its people, technology and infrastructure combined with poor management and inability to lead change or reform in both Government and businesses.
I hope that by 75 I will be able to pay off my student loan and finally save up for a deposit for 35m2 micro apartment! Yay, looking forward to my childless future when I work until I die!
If you live that life , love it and get everything done that you desire before growing old and put into an old folks home where all you have are memories , luck, and wisdom . Take good physical and mental health with you on your journey / adventure. Good luck and love all the universe or multiverse .
@@iakobkv271 maybe he is not in Germany, i started $5/hr wage (not even enough for a meal) when i was in uni 20 years ago, my home didnt even have bed and sofa, i walked 3km to uni just to save 80cents bus fee, i slept and sit on floor with towel. And now i earn $20k on 15k Euro per month. Things will get improved
I have worked hard for 40 years since I was 16. Retiring at age 60 was the best thing I ever did for myself, even if I had to pay my own way until my pension began to trickle in at 65.
It is typical and old fashioned neoliberal economic (and economist's) perspective. Everybody (Eu burocracy, state, workers) are deficient, except market forces. The only accepted goal is economic growth (and deregulation) and ecological concerns are the scapegoats. I can't agree with this argument, and I think we should accept these are more harmful than useful.
In Japan the government encourages people to work after retirement by allowing people to both earn extra money and drawn down a pension. This typically applies to unskilled work, so is not applicable for professionals.
Work longer but when your company doesn't offer any future, any salary increase, and just think of getting ride of you because you are too old, do you imagine that working longer is a dream?
Not a popular stance. Many people don't base their life on wealth and they don't want to have to work when they believe they should be retired. Only a minority of people want to work until they die, typically in jobs they have passion for or jobs they get physical/mental benefit from. A country needs people to work but unethical to depend on children 65.
I agree with his opinion about energy choices. Too many people here just obsess over “green” energy that is not really clean in the long run neither stable at all.
Also… they keep forgetting that once you pass 60 your productivity goes down, you’re more likely to have health issues, multiple co-morbidities; and they want to work you until you’re 80yrs old. By the time you retire, there will be nothing left of your life to enjoy independently. You would have given your entire life to the mega corporations smh! This is a sad life. Welcome to the new version of Serfdom.
The money you put into the Rentenkasse is not close to enough to pay 20-30 years of retirement, so YOU expect others to gift you money so that you can have free time. No matter how fair you think this to be, it can never work this way in the long run. (It already does not work anymore)
Language is definitely a barrier for Germany. And no before people jump in abuse, I’m talking about the bigger picture - sure the small stuff can be dealt with in German (integration etc) but you need a language that is easily global and vastly spoken - so a change there is needed.
It wasn't Russia that destroyed the pipeline, no. Germany's enemy is not Russia. Germany's enemy has a military base inside Germany and that enemy is on the other side of the Atlantic.
Russia never used energy as a weapon. Also absolutely nothing is stopping them from restarting their coal plants and their attached "nuclear" load balancing capacitors.
we should work as hard as politicians, go to work 20% of the time, 1 day a week at full time pay, the other days we work somewhere else, also full time, after 4-5 years we retire at huge pension, no skill needed, just get your hair done daily
Build HALEU TRISO nuclear power plants. Switch to plug in hybrid and full electric vehicles. Build a vehicle charger network using a single standard for connections and payments. This would greatly reduce dependence on petroleum fuels and help reduce prices for the fuel to some extent through lower demand.
It was cheap fossil fuels (specifically Natural Gas from Russia) that helped Germany dig the hole it is currently in. Invest in renewables that are located in Germany - and no longer be at the whims of an external supplier of energy. Germany used almost 50% renewables in 2022... the goals are 80% by 2030 and 100% by 2035. Why go backwards?
Not with the advancements made in renewable technology already. Oil refineries and Nuclear energy is cost prohibitive to build. If you are not an economy prepared to go green, then you will be left behind.
“Companies adopted English more or less” 😅 “Retire too early” 😅 Does he listen to himself ? German grandpas overslept development phase and got stuck in 2010s
The biggest problems for Germany: - Language is definitely a barrier for Germany. - German society over reacted to nuclear energy. - Regulations, regulations ... - Battery for EV cars are produced in China - so, Germany lost EV cars market - EU raegulations, ....
Most of the metal and materials to make the car batteries come from south america with an enormous amount of resources. Not just that, iron, copper, silicon, everything there is vast and with consolidated industry that sells tons of goods to China. There are even Chinese companies literally opening their branches in south america to facilitate the trade/exploration. What EU says (mainly france): "let's protect our milk and meat and block the mercosur-EU agreement". Seriously, that's a very good opportunity for Europe to shift the industrial perspective. We will benefit from this agreement.
Main thing Germans still not went to electronic transaction and still using paper documents....in 2024 ilmany cou tries moving for digital currencies but germany want 1850's mode of payment....
Get the ASML Netherlands and Germany's industry together to start making chips. Don't sell the chip technology to the US and take all the US tech companies too. ASML is Europe's golden goose. Europe could be number 1 in tech. Without ASML the whole US tech sector would crash. Time for Europe first.
Germany’s success manufacturing since the formation of the EU was largely by selling to lesser EU nations financed in Euros. The GFC was the end of that credit line. Then Germany propped up the failed members, buying their bonds. This quantitative easing lowered rates for two decades, destroying pension savings. Decommissioning nuke power was another costly mistake. Dependence on China and Russian trade was another risk underestimated.
Who the heck is this guy? We are already slaves and we should stay that way till we die? The pension itself is a big scam in Germany. You force people to pay pension and at the end you get the amount which is enough to live in Somalia.
Yes, "Made in Germany" is known worldwide as a strong brand and synonymous with quality, craftsmanship and reliability. German products have built up an excellent reputation, especially in sectors such as the automotive industry, mechanical engineering, electronics and chemicals. This reputation is the result of decades of innovation, precision and maintaining high quality standards. For many consumers and companies, "Made in Germany" is a guarantee for durable and reliable products.
Make a safe , healthy, low cost of living society and maybe people would have more kids to support the older generation. We should be aspiring to enable early retirement for ALL not forcing people to stay at work until they drop dead. No wonder people are voting for the right.
@@smithb0134 no access to birth control and/or will power to use them. Seems hard enough to get first world , if you can still call Europe that to use them,
@@smithb0134 because they don't have private debt. Private debt can be in the form of a mortgage or a rent, it removes freedom to enjoy what really maters.
Battery manufacturing is dependent on low cost labour??? It's extremely automated that how Tesla manufacture batteries in house at competitive cost for a part of their needs. Battery manufacturing is highly technical and require skill and experience apparently difficult to find in Europe according to the Northvolt debacle. Germany is critically short on software skills.
German medias:"And of course this have nothing to do with NS 2 blown up by USA! " USA:"hi bro, just want to give gas bills for this month! Hope your economy will do better next time😗"
Refusal to get rid of its debt brake, its decision to shut down nuclear power plants (but still buying electricity from France which uses nuclear), and now talk of increasing the retirement age which is already 67... Germany confuses me. It's like it wants to hurt itself.
-Realize austerity doesn’t work, -Lean bureaucracy, -Digitalization of the public and private sector, -reforms to pension schemes Germany needs to look deep inside in how to foster the economy because they are reliant on exports, despite thinking people are overreacting this doesn’t mean that isn’t a issue that will grow bigger and bigger
My wife works as a nurse at the emergency department for 20 years, i want to watch this guy work a double swift, morning and night at the same day at age 63 or more and then we talk....
Early retirement is not the cause of the problem. Germany is fundamentally uncompetitive for 3 reasons: 1) labor costs (social insurance, not wages) 2) Energy costs 3) taxes and regulations. Each of these 3 sissues need to be fundamentally reformed and aligned with the US (never mind China). And quickly, before it's too late.
Language is the biggest barrier. Increasing the visa grant to skilled workers will not help unless English is given the same stature as that of German. Almost all jobs advertised on LinkedIn and other platforms all require B1/B2 certification as minimum level of German.
@@asker3042 Absolutely with you on that idea. But it should not be forced by making it mandatory in jobs, especially when Germany is expecting to attract skilled workers.
@Sandeep-Prakash you are right. It should not be pre requirement to get a job. German companies are laying off many ppl now so there will be no shortage of skilled workers kn the future
@Skye_world88 well I speak good German but look at the challanges of European economies. The population is very old and the digitalization is lacking very behind US or China. Every day, big companies are making plans to fire people. We need engineers asap no matter if they speak german or not.
- Make wrong decisions (Debt Brake) - Have crappy energy policy - Keep oiling the war machine And gaslight working class for retiring a few years early.
Get the ASML Netherlands and Germany's industry together to start making chips. Don't sell the chip technology to the US and take all the US tech companies too. ASML is Europe's golden goose. Europe could be number 1 in tech. Without ASML the whole US tech sector would crash. Time for Europe first.
We spent year funding renewables, and at the point where subsidies were having a real impact, and prices were dropping rapidly, to the point where renewables were an earnest economic competitor to all other forms of energy, lobbyists like BASF got cold feet and had the GroKo kill it all off, to pivot fully to cheap russian gas. (aka, the altmaier knick in 2012). Now, with solar panels producing electricity for less than 20EUR/MWh, or batteries can store and release energy for just over 20EUR/MWh, everyone is crying that germany is no longer competitive...
@@Joey-ct8bm ASML was funded by Intel and US Govt. Stop with the so-called EU nationalist wet dreams. ASML only makes the machines, the real game happens in TSMC manufacturing with secret recipes. Even USA has had a hard time figuring that out. Leave alone USA, even South Korea's Samsung (which uses ASML machines) has not figured out the perfect blend.
I think inefficiency is deep. Why cant they hire English speakers to the immigration office when they deal with foreigners who speak English atleast on a temporary basis? Due to pressure visas are being offered to unqualified people. DW come out of the myths and talk to real people. Don't label people and stop listening to them. US election result was one example. We do pay for you. Talk about real issues and not some fantasy world/issues.
@@raymondmordi7937 China has lot of industries, lots of skilled workers to fill the job in those industries so they don't need workers from other countries plus China domestic market is biggest on the Earth so they don't problem that Germany has, Germany has to produce and export to sustain in global market. It has ever reduced number of workers and reducing markets abroad because of lots of competition.
@@nitinkumar29 You raised some good points but I think you are quite superficial with many of them. Germany has those qualities. Germany has easy access to the over 400 million EU market for market and labor access. The EU and China ore more or less par in GDP (nominal value) size. German is also a very popular language in the EU with over 100 million speakers. Besides, many Germans speak English quite well. I think the problem with the German economy goes deeper than what is presented in here.
@@raymondmordi7937 Of course, they go deeper. In your assessment, you have not taken the development and competition among the EU states which was not considerable a decade ago. No nation has higher GDP in the EU as Germany, yet Germany has not invested more in infrastructure, AI, education etc. Moreover, intense competition on global scale in technical sphere is another issue after Dieselgate dented Germany reputation in my opinion. I saw around 60-70% companies from China in Hannover Messe. When it comes to German railways, it is plagued with technical issue and failing punctuality or subpar internet speed in developed and even in advanced developing countries not good. Banking is also not good, not up to standard.
What a BS! We have AI and automation, there is no need to work more. Try to find a job at 50 and then you know that this is a robbery. Or try to work in a factory when you are 65. It’s not about working more, it’s about working smarter and retire early
Economic problem of Germany is highly complex. It could not be resolved by looking at one or two aspects of the problem. The greatest problem of all is that the political system does not allow the leaders and EU members to look at their problems objectively without which any proposal is meaningless.
@@lv3609 learning language means full immersion. Guest workers do not have to immerse into German culture because whatever we do, still we are outsiders. We can go work in English speaking countries. Germany is not paradise on earth.
@@Pokssme And so you’re ask an entire country to change just to accommodate you Let’s say you’re contracted to create an IT system in Germany, you will need to know German because your target users are German; if you planning to have English only then most probably there is already an of-the-shelf sw that already do what’s the requirements. Something that is a niche, is not taken advantage of. If you say just to write the backend code (which is language neutral), then you don’t really need to be in Germany.
@@lv3609 Nobody claims to learn the language as Native speaks here. We are here for our skillset and not because of language. Germany is aging and Germans needs high paying tax skilled people for their pension. If this continues then we should forgot about our pension and enjoy this sinking economy. Skilled people would not stay long if they have to deal with problematic bureaucracy along with language issues.
What will it take for journalists and politicians to understand that electric cars will not save the planet and that weather dependent electricity generation is not compatible with industrialized economies?
'Should have' since years. Germany is late already and now the government solution is to suggests to retire later? Desperation and a lack of strategy for years
In order to save the economy, we have to make sure that the average German employees ends up with more money through higher salaries and lower taxes on work income. The high cost of living rent/housing is especially a drag on the economy since it destroys the ability of society to consume. When that happens, that person will be able to consume again and the local industry will be able to flurish. This can easily be financed by harshly go after tax dodgers and ownership taxes.
They want to extend more years of working simply because there are no more budget for the retired people , because they spend it elsewhere on the other hand you see millions of people roaming around the City not working and receiving burgergeld .Where is the justice there? Germans keep on paying taxes only to find out the state budget/ funds are empty for retirement .... Every single thing you pay and buy in Germany, there are taxes, but it is still not enough to finance the state that has high debts.
Stop expecting insane level of German language, keep it B1/B2 not C2. It takes at least 2 to 3 weeks to just open a Girokonto (local bank account) in Germany 😂, horrendous customer service. Ancient way of sending tax letter, health insurance via post (another 1 month), half the students take 1 semester to even settle down.
Every single step of trying to settle in German says: Go away, we don’t want you here. Mostly even as a German you feel like that when getting in contact with authorities, which we pay with our tax money. Its crazy.
I literally just opened a girokonto last Sunday, with online ID verification. I had my card in the mail on Tuesday. Stop with the exaggerating - it doesn't help to address the real issues.
Drei der vier Quellen von Wachstum sind rückläufig. Exportüberschüsse gehen zurück, da China nicht mehr wie gewohnt wächst und importiert; zudem verstärkt als Konkurrent auftritt. Rückläufige Exportüberschüsse auch für die USA unter Trump. Quelle zwei, die Industrie investiert in diesem trüben Umfeld garantiert auch defensiv. Quelle drei, der private Konsum wird durch die wirtschaftliche Lage eher zurück gehen. Es bleibt als Quelle für Investitionen und damit Wachstum nur der Staat und diese Rolle muss zukunftsorientiert im ganz großen Stil einnehmen um nicht völlig den technologischen Anschluss zu verlieren. Eigentlich bleibt uns nüchtern betrachtet nur ein vereintes Europa, United Europe. Go Europe, go free.
@@hgf334 absolutely..treat people as humans and not as another number that needs to be get ridden off when profits go down...the whole approach of industry towards humans is short sighted and without any thought on ramifications on their life & family or community...industrial robots are serviced better than humans...till this is not changed people will walk away
DW am I a joke to you?? Do you really think people will dinner this poor excuse when we all know problems are the poor decisions made in terms of energetics, taxes and car industry??
the english barrier it's a huge issue in germany\italy\spain\france compared to netherlands\denmark : companies in not-tech sectors have a huge need of young people in most of those countries but are limited to the fact they they still need native language speakers and that simply wont do if you plan to hop between jobs. No one is interested in learning italian to work 2 years in Milano than maybe move to Barcelona and learn spanish . Many friends simply avoided to look for open positions in germany and france because of this and choose Luxemburg or Amsterdam when we were 28\30ish. This should def. change in the future in europe in general
This man should run the EU. Germany has enough workers and enough immigrants to fill any gap, but the issue is the LANGUAGE up to B2, their youth (They think difficult jobs are for immigrants), bureaucracy, and shops don't open on Sundays. My question is, what will happen if Germany accepts International degrees with experience and allow new startups?
If you’re smart as you claim you can easily learn German. Else don’t comeback as “competitive Highly educated immigrants” bs. Your suggestion *”Germany accepts international degrees”* is plain out de-regulation stuff
How about cancelling the bürgergeld and letting people stop being lazy and get back to work to earn!! All the policies of the current government just screams failure. Energy, wars, social benefits, EVs etc....
The people who retiring early are those who can afford (!) to do so. Meaning no working class people do. In fact a large part of pensioners from this class still work,because their pension simply is that low that they have to work until they die or are disabled by illness.
The only sustainable options are: - privatization of pensions. - pension based on number of children you have. The system of paying for the previous generation if the current generation is smaller is just impossible.
The peculiarity of the German economy is that it seems to always be able to absorb all job seekers. When I hear about people who have left my country (Latvia) and moved to live in Germany, and tell me what they do there, I have always not understood who pays for all this? In Latvia, in order to reduce costs and make companies more efficient, everything is digitized as much as possible. If 10 people worked at something, then the company left 5 people in that position after digitalization, and transferred the other 5 to other jobs, or increased the capacity of the company's service and found a place for these 5 remaining staff. In Germany, on the other hand, there is a situation where almost every place has a huge number of people and they don't want to make their work more efficient + they pay a lot for it. You often even hear people say - in Germany I do the same as I did in Latvia, only in Germany I have to do less, but I get a higher salary. In the past there were also companies in Latvia where there were many people who, for example, work in metal processing companies - and then there was such a situation - one welds, another assembles, the third brings the parts to be assembled and welded, the fourth grinds the parts, etc. - in short, several people work to do one job. Today, such companies are no longer found in Latvia, because the welder himself assembles, grinds, etc. in short, one employee is more trained and works more efficiently!
Instead os slaving people take more debt and accept more skilled immigrants without bureaucracy and racism to save your country- otherwise your declining demographics and skepticism of anything new & technological will bring the end of Germany - this is the thing that there is NO DOUBT
If you must work just to scrape by until you die, where’s the incentive for merit? This direction is how you get a less productive workforce lying flat. And if workers lack the resources or time to raise a family during their career years, then your society will either explode (revolts) or wither away.
High tax, Language barrier, bureaucracy and everything is closed on a Sunday is really the main issues that Germany hasn’t implemented yet. Trust me I have been living here in Germany for 7 years and still my German isn’t great but it’s hard to integrate with the society. Germans are not the welcoming type of people either. They need immigrants not wanted.
HALEU fuel based reactors are a better option. SMR are more expensive for large scale power production. HALEU has been used in research reactors for decades because it allows smaller and cheaper reactors. The limiting factor for commercial use was the cost of enrichment. Modern technology has vastly reduced the cost of enrichment. SMR are handy for small scale needs and for easy swapping or reactors but unnecessarily duplicate costs for larger scale applications.
63? Wow retirement age is 65 in New Zealand but conversations are ongoing regarding increasing this because we live longer otherwise pensions become unsustainable.
"pensions become unsustainable" maybe, pensions should be adjusted to live decently, not for traveling all over the world, fill the tank of a camper or having a gardener.
Lots of people can contribute to the economy well into age 80. So lazy and selfish to not want to work longer. You shouldn’t reward them with a full pension until they finish 50 years of working
MI6 mouthpiece "DW". Why would they care for the colonial serfs? ___________________________ Reply to the blocking troll below. Could it be because most of the world's corruption is nurtured and protected at tropical shell company banks of the City? When our politicians are in their pocket - colony is the right word to use.
His main phrase is „Germany should do more on….“ Not one idea of how to finance that. Especially not one word on the fact that Germany currently is the hotspot for high taxation on the work incomes and low taxation for companies and the rich, who create their income from assets, hence non-performance income. Also Germany is Europes tax avoidance heaven. It doesn’t take by surprise that this lobby organisation IFO never mentions anything of these facts. Main thing they stress to say is that people have to work longer. Not that the undertaxed rich pay their fair share to the country they live in an profit from.
Simple. Cut unemployment money and Federal Budget Money flowing Into the Pension fund. If more people Work longer you need less unemployment money and Pension Money now and you get more money flowing from a Higher Number of workers Into the Pension fund from the unemployed people Start working again. So pensions get sustained by more people paying Into the retirement fund and fewer people getting Money Out of it, , while the Federal Budget can keep more Money For what taxes are actually for. That Money can Go Into Investments.
*Germany has some of the greatest brands in cars beyond a doubt! I'm surprised that they haven't figured out the best way to leverage those brands! Locking out China is not the way, competing will eventually bring out the best in German Industry!*
Moving from nuclear energy to cheap Russian gas made sense initially, now with this horrible war, it seems like the worst mistake. Germany is the biggest loser of this war after obviouly Ukraine. Also the decline of reliability and over-engeneering of German cars, not to say of the Volkswagen mega fraud, and inability to transition to EV to compete with China, all have tarnished reputation and destroyed sales. Do not blame retirement age.
This made no sense though. The move away from nuclear did, but the move to cheap russian gas was influenced by the likes of BASF. At the same time (around 2012), the GroKo decided to neuter renewables (aka, the altmaier knick, where new renewable capacity fell off a cilff), and this is what made us 100% dependent on cheap russian gas, a weakness easily exploited by Putin. If we had stayed the renewable course, we would have had 50% more installed renewable capacity today, and much cheaper electricity for more of the time. BASF would have had to invest in electrolysers and hydrogen (short term) storage, but it would not have to be crying about germany being an untenable location energy wise.
@@thanateros71 If/when it had full independence, then it was due to lignite. The biggest machine in the world, in one of the biggest holes in the world, is in the vicinity of Aachen. It swallows a village every few years. This is probably the most inefficient way to create electricity that is used in vast quantities still. After the "braunkohle" is dug out, and transported on massive belt systems reaching tens of kilometers to the various power plants around the site, the fossilized peat first needs to be dried before it can be burned. Then, like all heat based power plants where steam drives a turbine, this plant is only max 35% electrically efficient. This efficiency is common between coal, lignite, oil, and especially nuclear, where one has to be extra careful to keep temperatures low. Methane is the outlier here. It can be used in combined cycle power plants. Methane is burned in the first turbine, at extremely high temperatures (1600C). The resulting gasses are then fed into a heat exchanger to create steam which can then drive a secondary turbine. The best electrical efficiency actually reached is 63%, roughly double of the other options. The 500MWe electrical plant near my home is only 50% efficient though (it does feed heat into a district heating system though). So we urgently need to stop using methane domestically, it is far too valuable for cooking food or heating water. Incidentally, germany has between 100-110TWh(t) of biogas. This matches, on average over multiple years, the amount of methane used to keep the grid stable. Sadly, regulations are such that this methane is burned almost directly, as it is subsidised to provide baseload electricity only. Biogas plants provide 4-5GWe constantly on the grid, this is not even used to regulate the grid. Biogas plants also use mostly cylinder based generators in the 100s of kW or a few MW ranges, at max 30-35% efficiency. This is something that needs to be changed ASAP. Biogas plants should all become biomethane plants (scrub CO2/H2S/H2O, and compress to 50bar), and inject this biomethane into the methane grid, so it can be stored in german geological storage (270TWh capacity), for when it is actually needed. It can then be turned into electricity in efficient combined cycle plants, and provide district heating. Germany does not need energy independence, it is not an island, and has interconnections in all directions. These days, the bidding system often decides to not fire up additional gas peaker plants (of which there is close to 40GWe capacity, for reference, on average, over the whole year, germany needs about 60GWe) as it is much much cheaper getting electricity from elsewhere in europe. Even the UK, which is an island (at last since the last iceage) does not need full energy independence, it too has interconnections in all directions.
@@kabzaify How much are we now spending to try to contain the evil dictator that controlled german methane supplies? How many ukrainians have already died for this?
Not one word about cost drivers: alcohol addiction, obesity... Coincidentally, GLP-1 agonists like Waygovy seem to help both of these. Add anabolics fir the elderly to prevent frailty and the need for care, and Germany could easily save over a trillion in the next decade. Fear is the German way of life: fear of change, fear of the unknown, fear of causing more fear. Absurd.
I'm leaving Germany after 14 years. I will choose to work less and enjoy life, rather than working longer, faster, harder for less, whilst being taxed to death. If you're not paying enough salary, why should I work more? Your pension trap is irrelevant to me, you can keep my contributions, something tells me, you'll need it more than I will... I will retire, when i choose. Good luck Germany!!
Which country did you choose??
Right,if i were half my age i had left Germany years ago.
Welcome to Uganda,🇺🇬🇺🇬❤
@@ddelamareuk I live in Spain and I was wondering to learn german. Maybe I will start learning French (easier to me)
😂😂 echoing my thoughts, Germany is an old hag at this point , was never a fan for the right reasons. My German husband made me move here
Hummm, where is the company that hires someone over 50? Look hard. Very hard to find...
Lufthansa
Lots of companies are hiring older people. And this age stigma is going away quite quickly, because older people yes old school and have generational problems, but they're skilled and experienced and many companies are understanding that
50 is probably the highest productivity age
But reality is different in Germany 🇩🇪
Compared to Americans, I am American living in Germany, I am not seeing that Germans work that much… plus the vacation is insane. They are always on Urlaub
Hey can you elaborate. I am trying to move to german. Is it a bad idea?
WE Like "Urlaub' 😅
@GrandMarshalbelioYo are Welcome n
Well,i had 9 days vacation this year so far.....
I thought they all lived in Thailand.
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I would really love to know how much work you did put in to get to this stage
I will be forever thankful to you, you changed my life and I will continue to speak on your behalf for the world to hear that you saved me from huge financial debt with just a little trade, thank you Jihan Wu you're such a life saver
As a beginner in this, it’s essential for you to have a mentor to keep you accountable.
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His guidance allowed me to restructure my retirement plan, resulting in an estimated $700,000 more by the time I retire.
Nonsense. We are overtaxed in Germany and for next to no real benefit. Not to mention being grossly underpaid.
Europeans workers need better wages!
You're literally not even German...
Underpaid, or paying too much in rent. Real estate absorbes more and more of young people's revenues. An aging population tend to vote for politics that make real estate as expansive as possible to make then as rich as possible, like excessive dwelling limitation.
By doing so, they destroy the birth rate and make the system collapse.
@ born in Berlin and living elsewhere in Germany…
Look, climate economics without an integrated industrial framework is basically an outright disaster. .as examples every insurer will charge much more because they would measure out of the imagination of risks.. pls go aligned w Trump's new Treasury pick. I think he can save the EU and Britain from climate scams.. before it's too late
German society over reacted to nuclear energy
German society is also overreacting to nuclear threats from Putin
... says the nuclear lobby.
It's an economic issue. Nuclear energy is expensive. I have yet to see a positive business case for this discussion. Only if there's a positive business case it'll be worth weighing the risks. So far, it's expensive energy that creates a radioactive trash issue we haven't solved yet. As a cherry on the cake comes a super unlikely, but potentially disastrous worst-case scenario of accidents. If we hadn't slowed investments in renewable energy in the last two decades, we wouldn't need to have this discussion...
German society had no say in it.
@@AlexanderLoehrer im laughing guess you forgot the last time the solar industry went bankrupt in Germany and no one learned their lesson, Nuke is more reliable safer and renewable of course if you are a solar and wind investor you think differently, also solar and wind are very expensive especially wind, and unreliable, look at the craphole california has become because of it highest utility rates in the US and the most unreliable power, they didnt listen to Germany past mistakes either
This has nothing to do with people retiring early. The reality is that Germany has been poorly managed since Angela became chancellor and now it's showing!
We've been saying it in U.S
For years...Work harder, work faster, less money. Get three jobs and marriage and children are not financially feasible. When a government cannot government they always enslave the people.
No. This is an issue in my country of Denmark as well. Problem is, people are just getting older than they did before. They get old, they’re entitled to welfare, it becomes more and more expensive year after year: since medicine is now so good at keeping people alive.
germany literally had the strongest economy during the financial crisis of 2008 and the years following
@@yesjoeri5298 No it just looked like people had money but they got into debt to try to consume themselves out of a depression. That is what actually is backfiring now. We can't revive the economy with the same strategy because inflation will spiral totally out of control.
So now everyone can enjoy their negative net worth and boomers can try to convince zoomers that it's actually a good investment for them to buy an ordinary villa for 650k USD with their salaries that barely covers the rent of a 1 room apartment.
@@markushaahr9194 you don't think even the welfare of the retirees are also included in the economic profits?
Doesn't mean giving benefits for them is not good for economy while that welfare also part of the economic trades that give big companies huge profits.
The question is where are the huge profit goes?.
A man that had money working for him his whole life tries to convince you that you should be working harder and longer for the rest of yours...
The german politocians are going crazy, when should people retire, at 98 years old??? Wtf is wrong with german politicians these days.
problem is this : politicians have no idea what its to work in a company...they have never worked in their life :) and policies are made by these kind...:)
They got the Reich I mean the Right spirt😂😂😂😂
Germany has not invested in its people, technology and infrastructure combined with poor management and inability to lead change or reform in both Government and businesses.
UK: hold my beer
100%
its going down👇🏻
Germany pays Education, it's free for German citizens
@@paulusthewoodgnome at least English is spoken in the UK
I hope that by 75 I will be able to pay off my student loan and finally save up for a deposit for 35m2 micro apartment! Yay, looking forward to my childless future when I work until I die!
student loans is US invention lol
If you went to uni and can not save for family, then MOVE. There are many good places for work and living outside of central Munich.
education is free in Germany. where did you get a 'student loan' hm
If you live that life , love it and get everything done that you desire before growing old and put into an old folks home where all you have are memories , luck, and wisdom . Take good physical and mental health with you on your journey / adventure. Good luck and love all the universe or multiverse .
@@iakobkv271 maybe he is not in Germany, i started $5/hr wage (not even enough for a meal) when i was in uni 20 years ago, my home didnt even have bed and sofa, i walked 3km to uni just to save 80cents bus fee, i slept and sit on floor with towel. And now i earn $20k on 15k Euro per month. Things will get improved
Having the highest Tax for the working people there is NO WAY
of working even 1 day more .
Greetngs from Thailand
Is this guy out of his mind? 67 is too early for him? When I'm 60 I'm going to take my savings and leave Germany. Germany is a huge labor prison!!! 🤔🤔
True
Not really. Think America.
@@bogdanmazilu5349 lol America has a lower pension age than the Germans do. And you make much more money
Save in physical gold. Money is subject to inflation. Huge risk
@@bogdanmazilu5349if you start investing young you can also retire young in America.
I have worked hard for 40 years since I was 16. Retiring at age 60 was the best thing I ever did for myself, even if I had to pay my own way until my pension began to trickle in at 65.
I retired this year at 61 years! I totally agree! I don’t live to work, I’d worked to live!
This guy needs to wake up and smell the grass he is smoking.
Try to start a company in Germany and you will see how taxes eat you.
It is typical and old fashioned neoliberal economic (and economist's) perspective. Everybody (Eu burocracy, state, workers) are deficient, except market forces. The only accepted goal is economic growth (and deregulation) and ecological concerns are the scapegoats. I can't agree with this argument, and I think we should accept these are more harmful than useful.
In Japan the government encourages people to work after retirement by allowing people to both earn extra money and drawn down a pension. This typically applies to unskilled work, so is not applicable for professionals.
Work longer but when your company doesn't offer any future, any salary increase, and just think of getting ride of you because you are too old, do you imagine that working longer is a dream?
Germany should get money from the European Union. Like Greece and Spain und italy on the past. Why doesn’t the EU pay for our retirement ?
working longer is just a hidden pension cut.
but only for current workers, retired people are preserved
Not a popular stance. Many people don't base their life on wealth and they don't want to have to work when they believe they should be retired. Only a minority of people want to work until they die, typically in jobs they have passion for or jobs they get physical/mental benefit from. A country needs people to work but unethical to depend on children 65.
It's not hidden at all.
Agree 100%
@@Atilla-m9i but the new generation does not really have to decide for themselves, they have to work to support elder people whatever they want.
I agree with his opinion about energy choices. Too many people here just obsess over “green” energy that is not really clean in the long run neither stable at all.
What a horrible cop out. U must work till your dead!!
The Oligarchs must have their profits
His take is literally that retirement age should increae with life expectancy. How is that not fair?
@@JeffPar50 think about when you working at your 70. Do you think you could compete with the young? and still remain competence?
Also… they keep forgetting that once you pass 60 your productivity goes down, you’re more likely to have health issues, multiple co-morbidities; and they want to work you until you’re 80yrs old. By the time you retire, there will be nothing left of your life to enjoy independently. You would have given your entire life to the mega corporations smh! This is a sad life. Welcome to the new version of Serfdom.
Life expectancy will go down very soon and very fast
67 years is the retirement age! How much more do you want us to work??
The money you put into the Rentenkasse is not close to enough to pay 20-30 years of retirement, so YOU expect others to gift you money so that you can have free time. No matter how fair you think this to be, it can never work this way in the long run. (It already does not work anymore)
Language is definitely a barrier for Germany. And no before people jump in abuse, I’m talking about the bigger picture - sure the small stuff can be dealt with in German (integration etc) but you need a language that is easily global and vastly spoken - so a change there is needed.
In Germany most people speak English as well.
What?
@@yunshuiseng8 yes but the companies do not use them as much. Being able to and actually having it as a company language are 2 different things
@@brucemc1581 read above
@@yunshuiseng8 Good luck getting a decent job in Germany if you don't speak German to quite a high standard.
Putin already sent 300 Billion Dollar as reparation advance. This money would push European's arm industry to the top.
Stopping nuclear plants was insanity especially at a time when Russia was using energy as a weapon
It wasn't Russia that destroyed the pipeline, no.
Germany's enemy is not Russia. Germany's enemy has a military base inside Germany and that enemy is on the other side of the Atlantic.
Russia never used energy as a weapon. Also absolutely nothing is stopping them from restarting their coal plants and their attached "nuclear" load balancing capacitors.
@@julianpetkov8320 and u must be one of these Russian bots 😂
@@rajfc I am a Bulgarian man. Instead of personal attacks, avoid making slanderous comments which you can not defend, in the first place.
@@julianpetkov8320 so what if ur not Russian? Doesn’t explain anything. Ur vulnerable to online misinformation.
we should work as hard as politicians, go to work 20% of the time, 1 day a week at full time pay, the other days we work somewhere else, also full time, after 4-5 years we retire at huge pension, no skill needed, just get your hair done daily
What about jumping trampoline regularly?
@@alexpavlov3535 Pensioners or Politicians?
@@bierfuerall I am taking about brightest mind of our contemporary person - frau berbock and her 360 degrees turn round.
Have to strengthen industrial laws to prevent age discrimination.
Without cheap oil the nation is dead
you can buy cheap LNG from USA ...ha ha ..
@@167mm167 it isn't cheap
Build HALEU TRISO nuclear power plants. Switch to plug in hybrid and full electric vehicles. Build a vehicle charger network using a single standard for connections and payments. This would greatly reduce dependence on petroleum fuels and help reduce prices for the fuel to some extent through lower demand.
It was cheap fossil fuels (specifically Natural Gas from Russia) that helped Germany dig the hole it is currently in. Invest in renewables that are located in Germany - and no longer be at the whims of an external supplier of energy. Germany used almost 50% renewables in 2022... the goals are 80% by 2030 and 100% by 2035. Why go backwards?
Not with the advancements made in renewable technology already. Oil refineries and Nuclear energy is cost prohibitive to build. If you are not an economy prepared to go green, then you will be left behind.
“Companies adopted English more or less” 😅
“Retire too early” 😅
Does he listen to himself ?
German grandpas overslept development phase and got stuck in 2010s
Exactly 😂😂 German companies are still in 1990s no change of mindset
The biggest problems for Germany:
- Language is definitely a barrier for Germany.
- German society over reacted to nuclear energy.
- Regulations, regulations ...
- Battery for EV cars are produced in China - so, Germany lost EV cars market
- EU raegulations, ....
Most of the metal and materials to make the car batteries come from south america with an enormous amount of resources. Not just that, iron, copper, silicon, everything there is vast and with consolidated industry that sells tons of goods to China. There are even Chinese companies literally opening their branches in south america to facilitate the trade/exploration.
What EU says (mainly france): "let's protect our milk and meat and block the mercosur-EU agreement".
Seriously, that's a very good opportunity for Europe to shift the industrial perspective. We will benefit from this agreement.
Main thing Germans still not went to electronic transaction and still using paper documents....in 2024 ilmany cou tries moving for digital currencies but germany want 1850's mode of payment....
Regulations are needed but it's to be simplified for people to easily go through the process if you have proper documents....
Get the ASML Netherlands and Germany's industry together to start making chips. Don't sell the chip technology to the US and take all the US tech companies too. ASML is Europe's golden goose. Europe could be number 1 in tech. Without ASML the whole US tech sector would crash. Time for Europe first.
@@Joey-ct8bmlol, and youtube is American too, so is Microsoft, Google 😅
Germany’s success manufacturing since the formation of the EU was largely by selling to lesser EU nations financed in Euros. The GFC was the end of that credit line. Then Germany propped up the failed members, buying their bonds. This quantitative easing lowered rates for two decades, destroying pension savings. Decommissioning nuke power was another costly mistake. Dependence on China and Russian trade was another risk underestimated.
Who the heck is this guy? We are already slaves and we should stay that way till we die? The pension itself is a big scam in Germany. You force people to pay pension and at the end you get the amount which is enough to live in Somalia.
Exactly.
Yes, "Made in Germany" is known worldwide as a strong brand and synonymous with quality, craftsmanship and reliability. German products have built up an excellent reputation, especially in sectors such as the automotive industry, mechanical engineering, electronics and chemicals. This reputation is the result of decades of innovation, precision and maintaining high quality standards. For many consumers and companies, "Made in Germany" is a guarantee for durable and reliable products.
Make a safe , healthy, low cost of living society and maybe people would have more kids to support the older generation. We should be aspiring to enable early retirement for ALL not forcing people to stay at work until they drop dead. No wonder people are voting for the right.
Well said
and not having kids, plus who wants to fight and defend these societies that only care about squeezing profit off you
But why do people living in developing nations with no social safety nets have more kids than comfortably living Europeans?
@@smithb0134 no access to birth control and/or will power to use them. Seems hard enough to get first world , if you can still call Europe that to use them,
@@smithb0134 because they don't have private debt. Private debt can be in the form of a mortgage or a rent, it removes freedom to enjoy what really maters.
Battery manufacturing is dependent on low cost labour??? It's extremely automated that how Tesla manufacture batteries in house at competitive cost for a part of their needs.
Battery manufacturing is highly technical and require skill and experience apparently difficult to find in Europe according to the Northvolt debacle. Germany is critically short on software skills.
German medias:"And of course this have nothing to do with NS 2 blown up by USA! "
USA:"hi bro, just want to give gas bills for this month! Hope your economy will do better next time😗"
You know there are other pipelines Germany could use if they wanted russian gas, right?
Refusal to get rid of its debt brake, its decision to shut down nuclear power plants (but still buying electricity from France which uses nuclear), and now talk of increasing the retirement age which is already 67... Germany confuses me. It's like it wants to hurt itself.
-Realize austerity doesn’t work,
-Lean bureaucracy,
-Digitalization of the public and private sector,
-reforms to pension schemes
Germany needs to look deep inside in how to foster the economy because they are reliant on exports, despite thinking people are overreacting this doesn’t mean that isn’t a issue that will grow bigger and bigger
Lots of retired people do volunteer work. That is also very usefull to society.
True that!
My wife works as a nurse at the emergency department for 20 years, i want to watch this guy work a double swift, morning and night at the same day at age 63 or more and then we talk....
Wonderful discussion and excellent guest.
RS. Canada
Early retirement is not the cause of the problem. Germany is fundamentally uncompetitive for 3 reasons: 1) labor costs (social insurance, not wages) 2) Energy costs 3) taxes and regulations. Each of these 3 sissues need to be fundamentally reformed and aligned with the US (never mind China). And quickly, before it's too late.
Language is the biggest barrier. Increasing the visa grant to skilled workers will not help unless English is given the same stature as that of German. Almost all jobs advertised on LinkedIn and other platforms all require B1/B2 certification as minimum level of German.
But that is fair, right? We should learn some German to live there. It does not have to be perfect but at least to be able to tell our ideas.
@@asker3042 Absolutely with you on that idea. But it should not be forced by making it mandatory in jobs, especially when Germany is expecting to attract skilled workers.
@Sandeep-Prakash you are right. It should not be pre requirement to get a job. German companies are laying off many ppl now so there will be no shortage of skilled workers kn the future
I’ve worked in English only for past 8 years in Germany. Good luck moving to the US and speaking Swedish at work.
@Skye_world88 well I speak good German but look at the challanges of European economies. The population is very old and the digitalization is lacking very behind US or China. Every day, big companies are making plans to fire people. We need engineers asap no matter if they speak german or not.
- Make wrong decisions (Debt Brake)
- Have crappy energy policy
- Keep oiling the war machine
And gaslight working class for retiring a few years early.
- poor wages
- xenophobia against foreign talents
- poor digital infrastructure
- poor infrastructure
Get the ASML Netherlands and Germany's industry together to start making chips. Don't sell the chip technology to the US and take all the US tech companies too. ASML is Europe's golden goose. Europe could be number 1 in tech. Without ASML the whole US tech sector would crash. Time for Europe first.
We spent year funding renewables, and at the point where subsidies were having a real impact, and prices were dropping rapidly, to the point where renewables were an earnest economic competitor to all other forms of energy, lobbyists like BASF got cold feet and had the GroKo kill it all off, to pivot fully to cheap russian gas. (aka, the altmaier knick in 2012). Now, with solar panels producing electricity for less than 20EUR/MWh, or batteries can store and release energy for just over 20EUR/MWh, everyone is crying that germany is no longer competitive...
@@Joey-ct8bm ASML was funded by Intel and US Govt. Stop with the so-called EU nationalist wet dreams.
ASML only makes the machines, the real game happens in TSMC manufacturing with secret recipes. Even USA has had a hard time figuring that out. Leave alone USA, even South Korea's Samsung (which uses ASML machines) has not figured out the perfect blend.
"Stop retiring early"
"Yeah well make working worth it"
Already participated in the Alemio presale, and I’m feeling pretty good about the future of ALM. Time to get in while the price is still low!
I think inefficiency is deep. Why cant they hire English speakers to the immigration office when they deal with foreigners who speak English atleast on a temporary basis? Due to pressure visas are being offered to unqualified people. DW come out of the myths and talk to real people. Don't label people and stop listening to them. US election result was one example. We do pay for you. Talk about real issues and not some fantasy world/issues.
China doesn't speak English
@@raymondmordi7937 China has lot of industries, lots of skilled workers to fill the job in those industries so they don't need workers from other countries plus China domestic market is biggest on the Earth so they don't problem that Germany has, Germany has to produce and export to sustain in global market. It has ever reduced number of workers and reducing markets abroad because of lots of competition.
@@nitinkumar29 You raised some good points but I think you are quite superficial with many of them. Germany has those qualities. Germany has easy access to the over 400 million EU market for market and labor access. The EU and China ore more or less par in GDP (nominal value) size. German is also a very popular language in the EU with over 100 million speakers. Besides, many Germans speak English quite well. I think the problem with the German economy goes deeper than what is presented in here.
@@raymondmordi7937 Of course, they go deeper. In your assessment, you have not taken the development and competition among the EU states which was not considerable a decade ago. No nation has higher GDP in the EU as Germany, yet Germany has not invested more in infrastructure, AI, education etc. Moreover, intense competition on global scale in technical sphere is another issue after Dieselgate dented Germany reputation in my opinion. I saw around 60-70% companies from China in Hannover Messe. When it comes to German railways, it is plagued with technical issue and failing punctuality or subpar internet speed in developed and even in advanced developing countries not good. Banking is also not good, not up to standard.
If the industries are closing or leaving Germany, what should people do at work until they die: just more bureaucracy??
"Specially people with lower income should save more"
What?
This IFO guy is such a joke. As was his predecessor. Its pure simple lobby work with no reference to reality.
What a BS! We have AI and automation, there is no need to work more. Try to find a job at 50 and then you know that this is a robbery. Or try to work in a factory when you are 65. It’s not about working more, it’s about working smarter and retire early
Economic problem of Germany is highly complex. It could not be resolved by looking at one or two aspects of the problem. The greatest problem of all is that the political system does not allow the leaders and EU members to look at their problems objectively without which any proposal is meaningless.
Germany's best hope for saving its economy is to GET YOUR BRAIN ON!
Ask politicians to stop their pensions
Germany needs to stop listening to its boomers. Period.
- Digitalisation is needed
- Remove the language barrier, else no skilled worker will stay long
- bring Less bureaucracy
you’re smart as you claim you can easily learn German.
Else don’t comeback as “competitive Highly educated immigrants” as sounds bs
@@lv3609 learning language means full immersion. Guest workers do not have to immerse into German culture because whatever we do, still we are outsiders. We can go work in English speaking countries. Germany is not paradise on earth.
@@Pokssme Exactly!
@@Pokssme
And so you’re ask an entire country to change just to accommodate you
Let’s say you’re contracted to create an IT system in Germany, you will need to know German because your target users are German; if you planning to have English only then most probably there is already an of-the-shelf sw that already do what’s the requirements. Something that is a niche, is not taken advantage of.
If you say just to write the backend code (which is language neutral), then you don’t really need to be in Germany.
@@lv3609 Nobody claims to learn the language as Native speaks here. We are here for our skillset and not because of language. Germany is aging and Germans needs high paying tax skilled people for their pension. If this continues then we should forgot about our pension and enjoy this sinking economy. Skilled people would not stay long if they have to deal with problematic bureaucracy along with language issues.
Let's crash life expectancy and help us retire earlier! - says the selfish individual (i.e., everyone)
I think the guy in the interview should get his pension when he turns 100, he looks very enthusiastic about working to a high age
What will it take for journalists and politicians to understand that electric cars will not save the planet and that weather dependent electricity generation is not compatible with industrialized economies?
'Should have' since years. Germany is late already and now the government solution is to suggests to retire later? Desperation and a lack of strategy for years
In order to save the economy, we have to make sure that the average German employees ends up with more money through higher salaries and lower taxes on work income. The high cost of living rent/housing is especially a drag on the economy since it destroys the ability of society to consume. When that happens, that person will be able to consume again and the local industry will be able to flurish. This can easily be financed by harshly go after tax dodgers and ownership taxes.
They want to extend more years of working simply because there are no more budget for the retired people , because they spend it elsewhere on the other hand you see millions of people roaming around the City not working and receiving burgergeld .Where is the justice there? Germans keep on paying taxes only to find out the state budget/ funds are empty for retirement ....
Every single thing you pay and buy in Germany, there are taxes, but it is still not enough to finance the state that has high debts.
Stop expecting insane level of German language, keep it B1/B2 not C2.
It takes at least 2 to 3 weeks to just open a Girokonto (local bank account) in Germany 😂, horrendous customer service. Ancient way of sending tax letter, health insurance via post (another 1 month), half the students take 1 semester to even settle down.
Every single step of trying to settle in German says: Go away, we don’t want you here. Mostly even as a German you feel like that when getting in contact with authorities, which we pay with our tax money. Its crazy.
So they need better digitalization of services
That is a lie
@ Thats exactly the point. But being German, more problems arise than ways to achieve digitalisation.
I literally just opened a girokonto last Sunday, with online ID verification. I had my card in the mail on Tuesday. Stop with the exaggerating - it doesn't help to address the real issues.
Drei der vier Quellen von Wachstum sind rückläufig. Exportüberschüsse gehen zurück, da China nicht mehr wie gewohnt wächst und importiert; zudem verstärkt als Konkurrent auftritt. Rückläufige Exportüberschüsse auch für die USA unter Trump. Quelle zwei, die Industrie investiert in diesem trüben Umfeld garantiert auch defensiv. Quelle drei, der private Konsum wird durch die wirtschaftliche Lage eher zurück gehen. Es bleibt als Quelle für Investitionen und damit Wachstum nur der Staat und diese Rolle muss zukunftsorientiert im ganz großen Stil einnehmen um nicht völlig den technologischen Anschluss zu verlieren. Eigentlich bleibt uns nüchtern betrachtet nur ein vereintes Europa, United Europe. Go Europe, go free.
If employers stop treating employees as doormat ....people will stop retirement
True, and tougher laws to prevent age discrimination.
@@hgf334 absolutely..treat people as humans and not as another number that needs to be get ridden off when profits go down...the whole approach of industry towards humans is short sighted and without any thought on ramifications on their life & family or community...industrial robots are serviced better than humans...till this is not changed people will walk away
All I hear: We were wrong and we have no immediate idea what to do. Everyone else is quicker bla bla bla
Japan is a mad max car which has only an accelerator. It's so horifying. No debt brake nor Office for Budgetary Responsiblily nor debt ceiling.
Government debt doesn't matter in the Japanese system because interest rates are managed at 0% forever.
Adopt English as simple as that.
Turkish, they need to learn Turkish. In a few years Turkey will have shortage of unskilled labour and will be hiring.
DW am I a joke to you?? Do you really think people will dinner this poor excuse when we all know problems are the poor decisions made in terms of energetics, taxes and car industry??
the english barrier it's a huge issue in germany\italy\spain\france compared to netherlands\denmark : companies in not-tech sectors have a huge need of young people in most of those countries but are limited to the fact they they still need native language speakers and that simply wont do if you plan to hop between jobs. No one is interested in learning italian to work 2 years in Milano than maybe move to Barcelona and learn spanish . Many friends simply avoided to look for open positions in germany and france because of this and choose Luxemburg or Amsterdam when we were 28\30ish. This should def. change in the future in europe in general
Why are you hitting yourself? Why are you hitting yourself? Why are you hitting yourself?
Most succinct summary yet 😂
This man should run the EU. Germany has enough workers and enough immigrants to fill any gap, but the issue is the LANGUAGE up to B2, their youth (They think difficult jobs are for immigrants), bureaucracy, and shops don't open on Sundays. My question is, what will happen if Germany accepts International degrees with experience and allow new startups?
If you’re smart as you claim you can easily learn German.
Else don’t comeback as “competitive Highly educated immigrants” bs. Your suggestion *”Germany accepts international degrees”* is plain out de-regulation stuff
Thank you for addressing the language issue.
How about cancelling the bürgergeld and letting people stop being lazy and get back to work to earn!! All the policies of the current government just screams failure. Energy, wars, social benefits, EVs etc....
The people who retiring early are those who can afford (!) to do so. Meaning no working class people do.
In fact a large part of pensioners from this class still work,because their pension simply is that low that
they have to work until they die or are disabled by illness.
At this point is much more efficient to manufacture in South Africa than Germany
They are obsessed with green energy even though they only account for 2% of the world's emissions.
The only sustainable options are:
- privatization of pensions.
- pension based on number of children you have.
The system of paying for the previous generation if the current generation is smaller is just impossible.
Isn’t this all related to energy prices being high for an extended period of time ??
How to make money when you dont have any: "Save more". This guy is a genious.
So if the life expectancy decreases, we can retire at an earlier age?
The peculiarity of the German economy is that it seems to always be able to absorb all job seekers. When I hear about people who have left my country (Latvia) and moved to live in Germany, and tell me what they do there, I have always not understood who pays for all this? In Latvia, in order to reduce costs and make companies more efficient, everything is digitized as much as possible. If 10 people worked at something, then the company left 5 people in that position after digitalization, and transferred the other 5 to other jobs, or increased the capacity of the company's service and found a place for these 5 remaining staff. In Germany, on the other hand, there is a situation where almost every place has a huge number of people and they don't want to make their work more efficient + they pay a lot for it. You often even hear people say - in Germany I do the same as I did in Latvia, only in Germany I have to do less, but I get a higher salary. In the past there were also companies in Latvia where there were many people who, for example, work in metal processing companies - and then there was such a situation - one welds, another assembles, the third brings the parts to be assembled and welded, the fourth grinds the parts, etc. - in short, several people work to do one job. Today, such companies are no longer found in Latvia, because the welder himself assembles, grinds, etc. in short, one employee is more trained and works more efficiently!
Work till you die...
Same in Australia, overtaxed, overgoverned, because of incompetent politicians
At least y'all speak English 😫😫 that's really the elephant in the room now
Instead os slaving people take more debt and accept more skilled immigrants without bureaucracy and racism to save your country- otherwise your declining demographics and skepticism of anything new & technological will bring the end of Germany - this is the thing that there is NO DOUBT
If you must work just to scrape by until you die, where’s the incentive for merit? This direction is how you get a less productive workforce lying flat. And if workers lack the resources or time to raise a family during their career years, then your society will either explode (revolts) or wither away.
High tax, Language barrier, bureaucracy and everything is closed on a Sunday is really the main issues that Germany hasn’t implemented yet. Trust me I have been living here in Germany for 7 years and still my German isn’t great but it’s hard to integrate with the society. Germans are not the welcoming type of people either. They need immigrants not wanted.
Germany should focus its engineering efforts on building small modular reactors. Without cheap reliable energy your economy is only going to stall.
HALEU fuel based reactors are a better option. SMR are more expensive for large scale power production. HALEU has been used in research reactors for decades because it allows smaller and cheaper reactors. The limiting factor for commercial use was the cost of enrichment. Modern technology has vastly reduced the cost of enrichment. SMR are handy for small scale needs and for easy swapping or reactors but unnecessarily duplicate costs for larger scale applications.
63? Wow retirement age is 65 in New Zealand but conversations are ongoing regarding increasing this because we live longer otherwise pensions become unsustainable.
For persons born after 1963 the retirement age is 67 in Germany.
it is 69 here in Denmark, if you are born in 1967 or later.
"pensions become unsustainable" maybe, pensions should be adjusted to live decently, not for traveling all over the world, fill the tank of a camper or having a gardener.
Lots of people can contribute to the economy well into age 80. So lazy and selfish to not want to work longer. You shouldn’t reward them with a full pension until they finish 50 years of working
@@bvanderfordWhy have a retirement age at all? people should work until they physically can't
Always finding people on this show that want nothing for the German people. Always want the easiest way out.
MI6 mouthpiece "DW". Why would they care for the colonial serfs?
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Reply to the blocking troll below. Could it be because most of the world's corruption is nurtured and protected at tropical shell company banks of the City? When our politicians are in their pocket - colony is the right word to use.
@@julianpetkov8320Russian bots acting like Brits carry any international weight in 2024 never ceases to amaze me.
I have 14 years for pension, I am 51 now.
Hard to compete when auto workers make over 50 euro per hour.
They dont do that much, the wages are around 20 to 30 !
they need to make it easier to be a freelancer and to start a small business.
the bureacray is crazy!
His main phrase is „Germany should do more on….“ Not one idea of how to finance that. Especially not one word on the fact that Germany currently is the hotspot for high taxation on the work incomes and low taxation for companies and the rich, who create their income from assets, hence non-performance income. Also Germany is Europes tax avoidance heaven. It doesn’t take by surprise that this lobby organisation IFO never mentions anything of these facts. Main thing they stress to say is that people have to work longer. Not that the undertaxed rich pay their fair share to the country they live in an profit from.
Simple. Cut unemployment money and Federal Budget Money flowing Into the Pension fund. If more people Work longer you need less unemployment money and Pension Money now and you get more money flowing from a Higher Number of workers Into the Pension fund from the unemployed people Start working again. So pensions get sustained by more people paying Into the retirement fund and fewer people getting Money Out of it, , while the Federal Budget can keep more Money For what taxes are actually for. That Money can Go Into Investments.
@ Simple. You are simple mind. I envy you.
*Germany has some of the greatest brands in cars beyond a doubt! I'm surprised that they haven't figured out the best way to leverage those brands! Locking out China is not the way, competing will eventually bring out the best in German Industry!*
Moving from nuclear energy to cheap Russian gas made sense initially, now with this horrible war, it seems like the worst mistake. Germany is the biggest loser of this war after obviouly Ukraine. Also the decline of reliability and over-engeneering of German cars, not to say of the Volkswagen mega fraud, and inability to transition to EV to compete with China, all have tarnished reputation and destroyed sales. Do not blame retirement age.
This made no sense though. The move away from nuclear did, but the move to cheap russian gas was influenced by the likes of BASF. At the same time (around 2012), the GroKo decided to neuter renewables (aka, the altmaier knick, where new renewable capacity fell off a cilff), and this is what made us 100% dependent on cheap russian gas, a weakness easily exploited by Putin.
If we had stayed the renewable course, we would have had 50% more installed renewable capacity today, and much cheaper electricity for more of the time. BASF would have had to invest in electrolysers and hydrogen (short term) storage, but it would not have to be crying about germany being an untenable location energy wise.
Germany chose not to get cheap energy from Russia. This is economic suicide
@@luc_libv_verhaegen
Great informstion, thanks.
I do remember Germany having energy indepence (other than petrol) with nuclear and renewables
@@thanateros71 If/when it had full independence, then it was due to lignite. The biggest machine in the world, in one of the biggest holes in the world, is in the vicinity of Aachen. It swallows a village every few years.
This is probably the most inefficient way to create electricity that is used in vast quantities still. After the "braunkohle" is dug out, and transported on massive belt systems reaching tens of kilometers to the various power plants around the site, the fossilized peat first needs to be dried before it can be burned. Then, like all heat based power plants where steam drives a turbine, this plant is only max 35% electrically efficient.
This efficiency is common between coal, lignite, oil, and especially nuclear, where one has to be extra careful to keep temperatures low. Methane is the outlier here. It can be used in combined cycle power plants.
Methane is burned in the first turbine, at extremely high temperatures (1600C). The resulting gasses are then fed into a heat exchanger to create steam which can then drive a secondary turbine. The best electrical efficiency actually reached is 63%, roughly double of the other options. The 500MWe electrical plant near my home is only 50% efficient though (it does feed heat into a district heating system though). So we urgently need to stop using methane domestically, it is far too valuable for cooking food or heating water.
Incidentally, germany has between 100-110TWh(t) of biogas. This matches, on average over multiple years, the amount of methane used to keep the grid stable. Sadly, regulations are such that this methane is burned almost directly, as it is subsidised to provide baseload electricity only. Biogas plants provide 4-5GWe constantly on the grid, this is not even used to regulate the grid. Biogas plants also use mostly cylinder based generators in the 100s of kW or a few MW ranges, at max 30-35% efficiency. This is something that needs to be changed ASAP. Biogas plants should all become biomethane plants (scrub CO2/H2S/H2O, and compress to 50bar), and inject this biomethane into the methane grid, so it can be stored in german geological storage (270TWh capacity), for when it is actually needed. It can then be turned into electricity in efficient combined cycle plants, and provide district heating.
Germany does not need energy independence, it is not an island, and has interconnections in all directions. These days, the bidding system often decides to not fire up additional gas peaker plants (of which there is close to 40GWe capacity, for reference, on average, over the whole year, germany needs about 60GWe) as it is much much cheaper getting electricity from elsewhere in europe.
Even the UK, which is an island (at last since the last iceage) does not need full energy independence, it too has interconnections in all directions.
@@kabzaify How much are we now spending to try to contain the evil dictator that controlled german methane supplies? How many ukrainians have already died for this?
Not one word about cost drivers: alcohol addiction, obesity... Coincidentally, GLP-1 agonists like Waygovy seem to help both of these. Add anabolics fir the elderly to prevent frailty and the need for care, and Germany could easily save over a trillion in the next decade. Fear is the German way of life: fear of change, fear of the unknown, fear of causing more fear. Absurd.
Why dont you allow people decide by them selfs when and how they want to retire? Let people live as they see fit
"Increasing the retirement age should be the only way of adapting to the increase in life expectancy", am i living longer for you or for me!? 😂