Not A Newt@not_a_newt

Suivre

Germany unemployment and manufacturing trends

Villages built around German factories are drying up as the whole economy shifts away from manufacturing and white-collar roles. Companies are dragging HR, finance, and other office functions to Eastern Europe or India where salaries, costs, and bureaucracy are lower. AI is also cutting specific jobs while operations shut down and factories close. It isn't a sudden crash like the pandemic but a slow attrition where more people can't find new work. Some sectors are in a death spiral with car plants, parts suppliers, steel makers, and consulting firms all shutting down. This looks like full-fledged de-industrialization with no visible endpoint.

1w

Not A Newt@not_a_newt

Suivre

Germany unemployment and manufacturing trends

Villages built around German factories are drying up as the whole economy shifts away from manufacturing and white-collar roles. Companies are dragging HR, finance, and other office functions to Eastern Europe or India where salaries, costs, and bureaucracy are lower. AI is also cutting specific jobs while operations shut down and factories close. It isn't a sudden crash like the pandemic but a slow attrition where more people can't find new work. Some sectors are in a death spiral with car plants, parts suppliers, steel makers, and consulting firms all shutting down. This looks like full-fledged de-industrialization with no visible endpoint.

1w