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Essay: "Achieve more so we can afford more" - The Siemens CEO explains why we have to rework our prosperity.

Germany is arguing about how to distribute a barely growing prosperity. Siemens CEO Roland Busch argues for asking a different question. An essay.

Translated from German Read in German

Essay: "Achieve more so we can afford more" - The Siemens CEO explains why we have to rework our prosperity.

Germany is facing a future crisis, not a classic labor market crisis, as it has not experienced before. The country's prosperity and economic performance rely on its workforce and productivity, but it is challenged by an aging population and a shrinking productivity lead. The lead, which was driven by high-value production in German factories, is dwindling as other countries improve.

Germany's international competitors are rapidly adopting new technologies, such as Artificial Intelligence, and investing heavily in modern facilities. As a result, Germany is falling behind, but can still change this trend if enough people are willing to take action.

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.

Read the original at handelsblatt.com →

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