No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Thursday, November 13, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Does Germany need to work harder? Its government seems to think so

by TheAdviserMagazine
2 months ago
in Business
Reading Time: 3 mins read
A A
Does Germany need to work harder? Its government seems to think so
Share on FacebookShare on TwitterShare on LInkedIn



A study by the Organization for Economic Co-operation and Development reports that Germans work the least among its member countries, clocking in at 1,335 hours per person per year in 2023, compared to 1,496 hours in the U.K. and 1,805 hours in the U.S.

In response, Chancellor Friedrich Merz said Germans need to work harder to make the economy more productive, as it hasn’t grown much in the past five years.

“We must, in this country, work more again and, above all, more efficiently,” he said in May. “It is not with the four-day work week and ‘work-life balance’ that we will be able to maintain our prosperity!”

The OECD research is supported by 2024 Eurostat data, which also found that Germans punch in at the lower end of the scale compared to their EU neighbors. Europeans working the most hours are in Greece, Poland, Romania, and Bulgaria, where the average workweek is around 39 hours. The Netherlands had the lowest average at just above 32 hours per week, followed by Austria at 33.9 hours and Germany at 33.9 hours.

Across Europe, the average number of hours worked by full-time employees in their main job was 36 hours in 2024, according to Eurostat. The U.K. and France track along that average, with both hitting about 36 hours.

German productivity

In addition to working fewer hours, each hour is less productive. German labor productivity per hour worked was 1.7% lower in the second quarter of this year compared to the first quarter of 2023, according to European Central Bank data. It’s also been essentially flat since 2009.

Many note that with falling productivity and 11% of the workforce set to retire in the next 10 years, there are real concerns about how Germany will fund people’s social security. Immigration could be a solution, as highlighted by The Guardian’s recent infographic on predicted population decline by the year 2100, but it has become an increasingly contentious issue in European countries. Without a solution, Germany cannot implement a planned €500 billion infrastructure improvement, and there is also the scheduled defense spending that many EU countries are committed to.

Some argue for the need to rescind a public holiday, as Denmark did in 2023; the current French Prime Minister, François Bayrou, is causing a stir by trying to remove two from the calendar year. Others favor using tax incentives to encourage people to enter the workforce. In Germany, there is currently a legal limit that prohibits employees from working more than eight hours per day.

Merz, for his part, would like to abolish this daily working limit while still maintaining the 40-hour workweek, allowing working days to become more flexible. Others want to encourage people of retirement age, 67 and above, to continue working and earn up to €2,000 per month, tax-exempt, thereby encouraging more people to stay working for longer.

Sick leave is increasing

Another issue across Europe, more generally, is that people are retiring earlier, citing burnout and general exhaustion, a trend affecting the entire working population. In fact, unions are focusing less on wage increases and more on gaining more time off from work.

Recent data from Microsoft’s Work Trend Index Special Report finds that many workers are suffering from an “infinite work day.” After analyzing “trillions” of data points across all its products, it appears that most workers are unable to disconnect completely, as they are involved in a meeting, email, or notification every two minutes, receiving 153 messages every working day, according to Morning Brew.

On top of that, workers are calling in sick more often. In 2023, statistics show that the average worker in Germany took sick leave for 15.1 days, the highest recorded figure to date. Its neighbor, France, is also suffering under the highest-ever levels of sick leave; Les Echos reports that for the first six months of 2024, the cost of French workers taking sick leave increased by 8.5% compared to 2023.

All of this suggests it might be an uphill battle to bring people back into the labor market. However, with an aging workforce and economic stagnation, the balance between work hours and productivity remains a critical issue; it has never been more important to determine the difference between who works the most, the best, or the most efficiently.

Fortune Global Forum returns Oct. 26–27, 2025 in Riyadh. CEOs and global leaders will gather for a dynamic, invitation-only event shaping the future of business. Apply for an invitation.



Source link

Tags: Germanygovernmentharderwork
ShareTweetShare
Previous Post

Mcap of 7 of top-10 most-valued firms jumps Rs 1 lakh cr; Bajaj Finance, Reliance major gainers

Next Post

Gold is the new FDI for India

Related Posts

edit post
The Winklevoss twins and Big Tobacco are on the list of donors helping fund Trump’s East Wing teardown. Nvidia isn’t, but Jensen Huang is involved, too

The Winklevoss twins and Big Tobacco are on the list of donors helping fund Trump’s East Wing teardown. Nvidia isn’t, but Jensen Huang is involved, too

by TheAdviserMagazine
November 13, 2025
0

President Donald Trump says his $300 million White House ballroom will be paid for “100% by me and some friends...

edit post
Canadian fund Awz to invest NIS 5b in Ashkelon chip plant

Canadian fund Awz to invest NIS 5b in Ashkelon chip plant

by TheAdviserMagazine
November 13, 2025
0

For the first time since Intel's decision to build a fab in Kiryat Gat some 20 years ago, a...

edit post
Bangladesh to hold referendum on reform charter proposals, Yunus says

Bangladesh to hold referendum on reform charter proposals, Yunus says

by TheAdviserMagazine
November 13, 2025
0

Bangladesh will hold a national referendum on implementing its 'July Charter' for state reform, drafted after last year's deadly student-led...

edit post
Groww shares extend post-listing rally, shoot up another 11%. Should you invest?

Groww shares extend post-listing rally, shoot up another 11%. Should you invest?

by TheAdviserMagazine
November 13, 2025
0

Shares of Billionbrains Garage Ventures Ltd., the parent company of investment platform Groww, extended their listing gains for a second...

edit post
Wonder Robotics to unveil innovative assault drone

Wonder Robotics to unveil innovative assault drone

by TheAdviserMagazine
November 13, 2025
0

Israeli autonomous drone company Wonder Robotics will launch its new assault drone, the Prodigy, at the UVID Dronetech exhibition,...

edit post
Asian markets: Asian markets open on a subdued note; oil extends losses

Asian markets: Asian markets open on a subdued note; oil extends losses

by TheAdviserMagazine
November 12, 2025
0

US equity-index futures edged lower and Asian markets opened on a subdued note after a lackluster Wall Street session, as...

Next Post
edit post
Gold is the new FDI for India

Gold is the new FDI for India

edit post
Merger talks underway to create mega Israeli law firm

Merger talks underway to create mega Israeli law firm

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
7 States That Are Quietly Taxing the Middle Class Into Extinction

7 States That Are Quietly Taxing the Middle Class Into Extinction

November 8, 2025
edit post
Another Violent Outburst – Democrats Inciting Civil Unrest

Another Violent Outburst – Democrats Inciting Civil Unrest

October 24, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
Data centers in Nvidia’s hometown stand empty awaiting power

Data centers in Nvidia’s hometown stand empty awaiting power

November 10, 2025
edit post
The Winklevoss twins and Big Tobacco are on the list of donors helping fund Trump’s East Wing teardown. Nvidia isn’t, but Jensen Huang is involved, too

The Winklevoss twins and Big Tobacco are on the list of donors helping fund Trump’s East Wing teardown. Nvidia isn’t, but Jensen Huang is involved, too

0
edit post
The 4-Gift Rule That Will Save You From Overspending This Holiday Season

The 4-Gift Rule That Will Save You From Overspending This Holiday Season

0
edit post
JBL Tune Earbuds only .99 shipped today (Reg. 0!)

JBL Tune Earbuds only $49.99 shipped today (Reg. $110!)

0
edit post
Italy’s CommerceClarity raises €2.7M

Italy’s CommerceClarity raises €2.7M

0
edit post
Crude Oil’s Price Action Confirms Bearish Control With  Target Back on Radar

Crude Oil’s Price Action Confirms Bearish Control With $50 Target Back on Radar

0
edit post
Ways To Say No To Avoid Making Yourself Too Busy: Kitces & Carl Ep 177

Ways To Say No To Avoid Making Yourself Too Busy: Kitces & Carl Ep 177

0
edit post
The Winklevoss twins and Big Tobacco are on the list of donors helping fund Trump’s East Wing teardown. Nvidia isn’t, but Jensen Huang is involved, too

The Winklevoss twins and Big Tobacco are on the list of donors helping fund Trump’s East Wing teardown. Nvidia isn’t, but Jensen Huang is involved, too

November 13, 2025
edit post
JBL Tune Earbuds only .99 shipped today (Reg. 0!)

JBL Tune Earbuds only $49.99 shipped today (Reg. $110!)

November 13, 2025
edit post
The 4-Gift Rule That Will Save You From Overspending This Holiday Season

The 4-Gift Rule That Will Save You From Overspending This Holiday Season

November 13, 2025
edit post
Ways To Say No To Avoid Making Yourself Too Busy: Kitces & Carl Ep 177

Ways To Say No To Avoid Making Yourself Too Busy: Kitces & Carl Ep 177

November 13, 2025
edit post
Crude Oil’s Price Action Confirms Bearish Control With  Target Back on Radar

Crude Oil’s Price Action Confirms Bearish Control With $50 Target Back on Radar

November 13, 2025
edit post
Next Crypto to Explode? Bitcoin Hyper Could Change Bitcoin’s Future with L2 Technology

Next Crypto to Explode? Bitcoin Hyper Could Change Bitcoin’s Future with L2 Technology

November 13, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • The Winklevoss twins and Big Tobacco are on the list of donors helping fund Trump’s East Wing teardown. Nvidia isn’t, but Jensen Huang is involved, too
  • JBL Tune Earbuds only $49.99 shipped today (Reg. $110!)
  • The 4-Gift Rule That Will Save You From Overspending This Holiday Season
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.