As I pointed out in class, wages have been stagnant (not increasing) in Germany for many years.

So, to prevent workers from starving, the state steps in. –Just as the workers at Wal Mart or McDonald’s, and many others receive government support to supplement their low wages….

Companies and the wealthy in Germany are indirectly getting support from the state, so that they can increase their profits..

In the below link Professor David F. Ruccio gives you some of the details.

Chart of the day