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The German economic crisis is a significant downturn of Germany's economy that marked a dramatic reversal of its previous "labour market miracle" period of 2005–2019. The country, which had been considered to be Europe's economic powerhouse in prior decades, became the worst-performing major economy globally in 2023 with a 0.3% contraction, followed by minimal growth in 2024 leaning on ...
Immigration to Germany as a non-EU-citizen is limited to skilled or highly educated workers and their immediate family members. [76] In April 2012, European Blue Card legislation was implemented in Germany, allowing highly skilled non-EU citizens easier access to work and live in Germany. Although uptake of the scheme has grown steadily since ...
De Facto Classification of Exchange Rate Arrangements, as of April 30, 2021, and Monetary Policy Frameworks [2] Exchange rate arrangement (Number of countries) Exchange rate anchor Monetary aggregate target (25) Inflation Targeting framework (45) Others (43) US Dollar (37) Euro (28) Composite (8) Other (9) No separate legal tender (16) Ecuador ...
The second is a migration of skilled workers from Central and Southeastern Europe into Western Europe, within the EU. [131] While in some countries the trend may be slowing, [132] [133] certain South European countries such as Italy continue to experience extremely high rates of human capital flight. [134]
Foreign Worker Visa; Gastarbeiter (historical German guest-worker program) Turks in Germany; Guest worker program (a proposed foreign-worker program in the U.S.) Immigration; Labor shortage; Lavoie v. Canada (a Canadian Supreme Court case ruling on foreign worker status) Smart contract: can be used for temporary employment contracts [30] [31 ...
As Germany is a Schengen Agreement signatory, the 1-year German working holiday residence permit allows the holder to stay and work in the Federal Republic of Germany during the visa's period of validity, as well as travelling in the rest of the Schengen Area for up to 90 days in a 180-day period (i.e. a maximum of 180 days in the 25 other ...
German authorities conducted a large-scale raid against an international human smuggling gang early Wednesday, police said in a statement. More than 1,000 police officers searched dozens of homes ...
On the shifts in labour supply and demand, factors include demand for skilled workers going up more than the supply of skilled workers and relative to unskilled workers as well as technological changes that increase productivity; all of these things cause wages to go up for skilled labour while unskilled worker wages stay the same or decline ...