German Labor Costs Say Better Be a Banker, Not a Teacher: ChartBy
Germany is suffering from a shortage of skilled workers, and labor costs may provide an explanation. Investment in education -- meaning in salaries for teachers -- has been mediocre, outpaced by the increase in pay that bankers have experienced. Labor costs for financial and insurance services have surged more than 60 percent since the start of 2000, despite the financial crisis, almost four times as much as in education.
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