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Unit labor costs: Germany’s new weakness in a European comparison

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Unit labor costs: Germany’s new weakness in a European comparison

Not long ago, low wages were still the dirty secret of German medium-sized companies. There can be no more talk of that today. Data from the European Commission updated on Monday show that the German economy has lost considerable competitiveness compared to other EU countries in recent years due to rising wages. This is mainly due to one indicator – which, according to an expert, fits into the overall economic picture of Germany.

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