Christian Dustmann, Director at RFBerlin and Professor of Economics at University College London was quoted by WELT am Sonntag in an article on wages, productivity and Germany’s competitiveness.
In the article, Dustmann cautions against the simple assumption that higher wages automatically lead to higher productivity. Instead, he emphasizes that productive firms are better able to pay higher wages, and that competitiveness cannot be built through low wages alone. The article discusses how technology, capital, management, and skilled workers must come together to create high value added.
Read the article here:
