Column "Out of the box": How do you get from suffering to action?
Germany has been aware of its economic problems for years. Yet reforms are continually being postponed. Why the status quo is so powerful and how we can dare to make changes.
A recent study by the Bundesbank reveals that companies in Germany are struggling with bureaucratic requirements, which now account for around 7% of their revenue, with a rising trend. This burden is cited as the biggest pain point for nearly 70% of companies, surpassing the challenges of finding skilled workers and high production and labor costs.
The study also found that an increase in bureaucratic costs by just one percentage point of revenue leads to a 3% lower revenue per employee on average, particularly affecting smaller businesses. The German government is responding by setting up commissions and engaging in talks, but tangible improvements are not expected for several years.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
