Better Workers Please
Forget conventional wisdom, too. Germany is creating plenty of jobs, thank you–just not the right kind of workers. Competitive champions like Bornemann drive what German commentators are calling a “new economic miracle.” They are the backbone of export-driven growth that lately has lifted the onetime “sick man of Europe” and set it back on track for economic recovery. After half a decade of malaise, growth recently hit an annualized 3 percent and unemployment dipped below 4 million–the magic threshold last seen in 2001....