Let's Talk About Ditching a Public Holiday in Germany for Economic Gains
Restaurant Leader Advocates for Elimination of a Celebratory Day to Boost Economic Growth - Economy performance boost sought by Intelligent Weapons Systems head through abolition of a holiday
Michael Huether, head honcho at the Institute of the German Economy (IW), has thrown his hat into the ring, advocating for the abolishment of a public holiday to boost our economy. He's referring to moves made back in 1995 when the Buß- und Bettag was dropped as a national holiday. Huether reckons more work equals more moolah, folks!
His statements came hot on the heels of the Association of Bavarian Business that had previously pressed for getting rid of a religious holiday this week. But not everyone's on board with this idea.
Marcel Fratzscher, director of the German Institute for Economic Research (DIW Berlin), sees things differently. He reckons the solution to Germany's labor woes isn't in scrapping holidays or loading up full-time jobs with overtime privilege. Nope, he thinks the solution lies in breaking down barriers for women, refugees, and people from abroad to enter the workforce.
- Public Holidays
- Michael Huether
- IW
- Economic performance
- Germany
- Cologne
- Institute of the German Economy
- Head
- Marcel Fratzscher
- Funke media group
- Buß- und Bettag
- DIW
- Association of Bavarian Business
- The Association of Bavarian Business, similar to Michael Huether of the Institute of the German Economy (IW) in Cologne, proposes reducing public holidays to enhance the economic performance of Germany, mirroring the 1995 removal of the Buß- und Bettag.
- Marcel Fratzscher, director of the DIW Berlin, advocates for removing barriers that prevent women, refugees, and foreign nationals from entering the workforce as a potential solution for addressing Germany's labor shortages, rather than relying on reforming accommodation hours or scrapping holidays.
