A stronger work ethic won’t fix advanced economies
Capital deepening, technological progress and total factor productivity growth help advanced economies expand and remain competitive
Add BT as a preferred source
[BIRMINGHAM] German Chancellor Friedrich Merz returned from his recent visit to China visibly rattled.
After touring Unitree Robotics in Hangzhou, where quadruped robots performed martial arts, he conceded that Germany is “simply no longer productive enough” and warned that prosperity cannot be maintained with “work-life balance and a four-day week”.
Germans, he declared, “will simply have to do a little more”.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Family office for US$12 billion Tetra Pak Fortune exits Hong Kong
Deloitte’s Lee Boon Teck succeeds Teo Ser Luck as president of Singapore’s national accounting body
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
