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”.
TRENDING NOW
Abandoned ‘Titanic’, failing ‘ancient towns’: Why China’s tourism boom leaves white elephants behind
Private equity giant Carlyle can grow bigger but needs to stay on its toes: co-founder David Rubenstein
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
US-Iran peace deal: S-Reits, aviation stocks, developers on investors’ radar as potential winners
