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Germany Is Not What It Used to Be

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发表于 8-21-2024 12:53:53 | 只看该作者 回帖奖励 |倒序浏览 |阅读模式
(1) In 2023, Deutsche Bahn AG reported that only 64% of long-distance trains arrived at their destination on time, which is less than six minutes late. However, regional trains had a much higher punctuality rate of 91% in 2023.

Note:
(a) Deutsche Bahn
https://en.wikipedia.org/wiki/Deutsche_Bahn
("is the national railway company of Germany, and a state-owned enterprise * * * Headquartered * * * in Berlin, it is a joint-stock company (AG) and the largest railway company in the world")
(b) AG stands for Aktiengesellschaft, which is a compound noun made up of Aktien and Gesellschaft. en.wikipedia.org for Aktiengesellschaft.

German-English dictionary:
* Bahn (noun feminine)
https://en.wiktionary.org/wiki/Bahn
(Note also Autobahn in definition 4)
* Aktie (noun feminine; plural: Aktien): "(finance) share, stock"
https://en.wiktionary.org/wiki/Aktie
* Gesellschaft (noun feminine; from [noun masculine] Geselle [journeyman (which means apprentice)] +‎ [suffix] -schaft [-ship, -hood]): "(law) company, corporation"
https://en.wiktionary.org/wiki/Gesellschaft
(c) Will Kenton, Joint-Stock Company: What It Is, History, and Examples. Investopedia, Jan 15, 2023
https://www.investopedia.com/terms/j/jointstockcompany.asp
("Today, US companies are not organized as joint-stock companies"/ Key Takeaways: "An example of a joint-stock company was the English East India Company")
(d)
(i) The first company that issued stocks (be it a joint-stock company or a corporation) that was publicly traded (ie, traded among the public, but not necessarily in a stock market or exchange; for example, "In 1792, traders formalized their association with the Buttonwood Agreement which was the origin of the New York Stock Exchange" at Wall Street under a buttonwood tree, more commonly called sycamore. en.wikipedia.org for "Wall Street") was Dutch East Indian Company (Dutch initials: VOC) that was formed in 1602 (two years after East Indian Company (EIC), first English and later British). VOC immediately issued stocks which was traded in Amsterdam Stock Exchange (also formed in 1602; world's first stock exchange). "Prior to that, the market existed primarily for the exchange of commodities." en.wikipedia.org for "Euronext Amsterdam."  In "2000 Euronext was formed following a merger of the Amsterdam Stock Exchange,[19] Brussels Stock Exchange, and Paris Bourse." en.wikipedia.org for Euronext.
(ii) The British East India Company. American Battlefield Trust, Dec 5, 2023, updated Jan 23, 2024 (under the heading "REV WAR")
https://www.battlefields.org/lea ... -east-india-company
("In 1612, the company instituted a simple, temporary joint-stock system; the joint stocks became permanent in 1657")

(British) EIC's tea chests (imported from China) was dumped into Boston harbor on Dec 16, 1773. en.wikipedia.org for "Boston Tea Party."  That is why this Web page talked about EIC.
(iii)
(A) Still EIC's stock was not traded in London Stock Exchange unti the latter was formed in 1698. See Our History. London Stock Exchange, undated
https://www.londonstockexchange.com/discover/lseg/our-history
("1698  John Castaing publishes a list of currency, stock and commodity prices at Jonathan's Coffee House [in London]. It includes prices for gold, ducats, silver staters and pieces of eight.
(B) For "piece of eight," see Spanish dollar
https://en.wikipedia.org/wiki/Spanish_dollar
(section 1 History, section 1.6 United States)







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沙发
 楼主| 发表于 8-21-2024 12:54:32 | 只看该作者
(2) Bertrand Benoit, A Nation of Workaholics Has a New Fixation: Working Less. Stats blow hole in Germany's reputation; more employees realize joy of taking it easy. Wall Street Journal, Aug 21, 2024, at page A1.
https://www.wsj.com/lifestyle/wo ... ss-germany-aa9c5a09
https://www.msn.com/en-us/money/ ... ng-less/ar-AA1p7b4w

excerpt in the window of print: Economists and politicians alike fret about Germany's bout of nonchalance.


Note:
(a) "Germany invented the protestant work ethic. * * * Some Europeans bristle at national stereotypes. Many lean into them. The French think of themselves as food and sex connoisseurs."
(i) Protestant work ethic
https://en.wikipedia.org/wiki/Protestant_work_ethic
("The phrase was initially coined in 1905 by pioneering [German] sociologist Max Weber in his book")
(ii) "Some Europeans bristle at national stereotypes. [on the other hand] Many lean into them."

lean into (verb): "3: To embrace; to experience fully or respond to wholeheartedly"
https://en.wiktionary.org/wiki/lean_into

Other definitions of this phrasal verb comes from "lean in."

(b)  "Sunday shopping is largely banned.  * * * Sick-day fraud—it too has its own verb: Krankfeiern—is now so bad that companies are reacting.
(i) Ladenschlussgesetz
https://en.wikipedia.org/wiki/Ladenschlussgesetz
(ii) German-English dictionary:
* Laden (noun masculine): "shop"
https://en.wiktionary.org/wiki/Laden
* Schluss (noun masculine): "end, ending"
https://en.wiktionary.org/wiki/Schluss
* Gesetz (noun neuter): "law"
https://en.wiktionary.org/wiki/Gesetz
* Fleiß (noun masculine)
https://en.wiktionary.org/wiki/Fleiß
* * krankfeiern (from [adj] krank sick, ill +‎ [verb] feiern to celebrate)
https://en.wiktionary.org/wiki/Krankfeiern
, which appears in the WSJ article beginning with uppercase because the word is situated at the start of a sentence. In German, a verb, unlike a noun, starts with a lower case.

----------------------print version (which is slightly different from msn.com, because in print, a paragraph is spit into two or two paragraphs are combined.
BERLIN—Germany invented the protestant work ethic. Now it is falling out of love with the grind.

Germans worked 1,343 hours on average last year, less than anyone else in the OECD, a club of 38 rich nations. Germans also took 19.4 sick days last year, according to the Techniker Krankenkasse, the country’s largest health insurer, the highest number ever recorded.

Ending a decadeslong hiatus, trade unions have begun pushing for shorter working hours—not just higher pay. Coaches, sociologists, and organization consultants are extolling the virtues of putting one’s feet up as a cure for burnouts, broken families, low productivity and even climate change.

“The younger generations, they’re not as narrowly socialized in this Protestant work ethic as their parents. They’ve seen through them the awful impact it is had,” says Margareta Steinrücke, co-author of “Work less, live more,” a book that came out earlier this year. “So they tell their parents, the politicians, sorry, we’re not doing this any more.”

Some Europeans bristle at national stereotypes. Many lean into them. The French think of themselves as food and sex connoisseurs. Italians often claim privileged insight into fashion, coffee and the opera. And many Germans see themselves as highly functional workaholics.

The source of that cliché is lost in time, but in his 1904 book “The Protestant Ethic and the Spirit of Capitalism” sociologist Max Weber painted the reformation as a major driver of wealth creation in Northern Europe.

Germany might even have invented the motivational sticker: So-called proverb towels were all the rage in late 19th-century kitchens, featuring embroidered slogans— “With Joy Do your Duty,” or “Work is a Woman’s Ornament”—designed to discourage domestic idleness. For Hendrik Laeppché, who owns and manages a middle-sized distributor of industrial parts in northern Germany, the anti-work backlash is real—and it isn’t limited to Gen Z.

“We just had this apprentice, 23-year old, a very talented woman,” he said. “We offered her a full-time job, and what does she say? ‘I want to work four days a week, I want time to sell stuff on the internet, do this, do that’…Then you have the 59-year-olds. They want to slow down, work Monday to Thursday.”

The trend is perplexing economists and politicians, who worry that the bout of nonchalance may bode ill for a stagnant economy that is experiencing its worst labor shortage in recent history.

“People in France, in Italy and elsewhere, they work a lot more than we do,” Finance Minister Christian Lindner complained earlier this year as he unveiled tax incentives to “make Germans fall back in love with overtime.”

Michael Kretschmer, the conservative state governor of Saxony and a longtime work-more advocate, said “everybody’s talking about part-time work, about the four-day week. This is a big economic danger.”

In German, the virtue of hard work is known as Fleiß, which can translate as diligence or industriousness. Fleiß shaped the political conversation during the eurozone debt crisis of 2010, when many German voters resented having to bail out their Greek cousins who retired at 57 and, going by the news footage, seemed to spend their lives sipping espresso on cafe terraces.

Fast-forward to today and the average Greek worked 1,897 hours last year, according to the OECD, 554 hours more than the average German. Greeks now retire at 67, and a new law allowing a six-day workweek went into force last month. Meanwhile in Germany, 50 companies are piloting a four-day week for a study by the University of Münster aiming to determine whether less work and full pay might be appealing to workers. The EU expects the Greek economy to grow by 2.2% this year while the German economy hasn’t grown since 2019.

“The crisis taught Greeks that success comes from hard work,” said Alex Kirgiannakis, a former securities trader from Thessaloniki who now runs Apló, a popular Greek fast-food restaurant with two locations in Berlin. “I employ quite a few Greeks. Also Italians and Spaniards. Germans less so…They know the system well and when you do, you tend to abuse the system.”

Frequent visitors have long taken Germany’s hardworking folklore with a pinch of salt. Sunday shopping is largely banned and the standard out-of-office email reads: “I’m currently out. Your message will be neither forwarded nor read.” Universities largely let students pick the pace of their learning, with many graduating well into their 30s, and about half of schoolchildren attend school only in the morning.

Rick Weinberg, a native of Michigan, worked as an IT product manager in Silicon Valley before moving to Europe with his family four years ago.

On his first day at a Berlin startup, he was shocked when the clock struck midday.

“Everyone’s getting up and they’re gone for the full hour, hour and a half…And then it hits 5:30, six o’clock, it is like, boom, I’m gone. I’ll pick it up here tomorrow,” said Weinberg, who now lives near Barcelona and says he likes being able to shop for groceries on Sundays. A YouGov poll last month showed that more than a quarter of respondents—including a third of men—who had called in sick recently had lied about their illness.

Sick-day fraud—it too has its own verb: Krankfeiern—is now so bad that companies are reacting.

In June, Tesla launched a pilot program introducing a bonus at its German plant near Berlin for workers who show up particularly often, according to people familiar with the plan. Tesla didn’t respond to a request for comment. For the anti-work camp, the bad health stats have a simple explanation: Germans are overworked.

“People are so under pressure that many are already sick when they reach retirement,” said Dirk Schulze, the IG Metall trade union’s district manager for Brandenburg, where Tesla is based.

“To attract good people…you need shorter, not longer, working hours.”

Some economists say Germany’s bruising skills shortage and near full-employment are both why Germans shouldn’t take it easy—and why they can.

“People always wanted to work less, but now they can do so,” said Enzo Weber, head of forecasting and economic analysis at the Institute for Employment Research, a government think tank.

“The tight labor market has shifted the employer-employee balance of power.”
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