Comment by joe_mamba
4 hours ago
>how cheap / penny pinching his German companies and their employees were when doing deals
I think most people(Americans mostly) don't have the faintest idea how true that is right now. Here's a comment of mine from a few weeks ago giving such a present-day example that will blow your brains of how cheap german companies are. https://news.ycombinator.com/item?id=47018023
I feel like German companies know they lost the innovation race (I mean companies that aren't Zeiss), they lost the cheap manufacturing race "thanks" to Russian gas dependence and ideological denuclearisation before enough renewables were built, so all that's left for them now to stay afloat is reducing labor and operating costs by offshoring and pinching all the pennies they can find, but even that it not enough since from where I stand there's weekly corporate bankruptcies and layoffs and that's including the fact that the government has been speeding like crazy the last 3+ years to make sure the private sector industry doesn't completely collapse.
I’m told that Germans in general are “cheap” and that this is an expected consequence of their economic policies designed to reinforce their industrial base.
I wish I could find the reference I’m thinking of, but the idea was that Germans buying absurdly cheap wine and their constantly underfunded trains were part of a pattern of deliberate domestic under-investment to keep exports competitive.
Someone ITT surely knows more.