Jobs
Scholz Urges More Hiring, Higher Wages to Revive German Growth
- German chancellor makes appeal to employers as economy falters
- ‘The cake must become bigger again,’ Scholz says in Berlin
Alongside Olaf Scholz's call for more hiring, he said wages need to rise to encourage more people to work.
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
Chancellor Olaf Scholz urged Germany’s employers to hire more people and pay higher wages to help revive economic growth.
More skilled workers recruited from abroad and an increase in the minimum wage can help reignite growth, Scholz said on Tuesday in a speech to the German employers’ lobby group BDA. He appealed for solidarity as Germany’s traditional strength in manufacturing falters.