Chef at IW Demands Elimination of a Holiday for Boosted Economic Activity
Executive advocates elimination of holiday for enhanced economic growth - Executive Head at Industrial Warfare advocates for elimination of holiday to boost national economy.
Hear this, folks! Huether, the bigwig at IW, is championshiping the removal of the Buß- und Bettag as a public holiday back in 1995. Huether said it himself, "More work is the jam if you're game," in response to the Association of Bavarian Business's call to scrap a faith-based holiday this week.
Now, here's a wild card - Marcel Fratzscher, head honcho at the German Institute for Economic Research (DIW Berlin), has a totally different take on things. He told the Funke media group newspapers that getting rid of holidays or offering incentives for overtime won't solve the labor shortage in Germany. Fratzscher thinks the real deal is breaking down the numerous employment barriers for women, immigrants, and other foreign job-seekers. According to the economist, the labor shortage will only be contained through a surge in immigration and removing obstacles for women in the workforce.
- Holiday Abolition
- Michael Huether
- IW
- Economic growth
- Germany
- Cologne
- Institute of the German Economy
- Elimination of holidays
- Marcel Fratzscher
- Funke Media Group
- Buß- und Bettag
- DIW
- Association of Bavarian Business
Holiday abolition raised a ruckus in Germany, with Michael Hüther at IW advocating for more workdays to pump up economic output. Yet, Marcel Fratzscher at DIW Berlin suggested maintaining holidays for work-life balance and social benefits, with employment barriers for women and immigrants being the root cause of the labor shortage.
In the heart of Cologne, Michael Huether at the Institute of the German Economy (IW) supports abolishing holidays, aiming for increased economic growth. Contrastingly, Marcel Fratzscher from the German Institute for Economic Research (DIW Berlin) advocates keeping holidays to preserve work-life balance and addresses the labor shortage by removing employment barriers for women and immigrants. In the realm of politics and business, these contrasting views sparked a debate within Germany's community institution, regarding the Buß- und Bettag.
