Let's Scrap the Holiday: Hüther Urgently Advocates for Eliminating Buß- und Bettag to Boost Economy
Higher Economic Growth Advocated by IW-Head Through Proposed Elimination of a National Holiday - Business leader advocates for eliminating holiday to boost national economy
Hüther, the big-wig at IW, reckons scrapping Buß- und Bettag, a public holiday, back in '95 was a smart move that boosted the economy by offering more work opportunities. "If ya want it, ya can work extra," Hüther declares, echoing the recent proposal by the Association of Bavarian Business.
In stark contrast, Marcel Fratzscher, lead honcho at DIW Berlin, holds a divergent view. He argues that nixing holidays and offering tax breaks for overtime won't solve the labor crisis in Germany. Fratzscher bared his thoughts to Funke media group publications, stating that the key to overcoming the labor shortage lies in eradicating countless barriers hindering the employment of women, refugees, and other foreign workers. "Get rid of those barriers, and women's participation in the workforce will soar, making the labor shortage bearable," Fratzscher demands.
- Holiday
- Michael Hüther
- IW
- Economy
- Franz-Josef Busch
- Association of Bavarian Business
- Marcel Fratzscher
- DIW Berlin
- Funke Media Group
- Labor Shortage
- Cologne
- Institute of the German Economy
- Head
- Germany
- Overtime
- Cultural Significance
- Barriers to Employment
It's all about boosting our economy by reconsidering holidays, and this debate among the experts brings light to the complexity of picking a single solution for labor shortages.
Michael Hüther, head of the Institute of the German Economy (IW), suggests that eliminating Buß- und Bettag, a public holiday, as was done back in '95, could offer more work opportunities and contribute to economic growth, as recently proposed by Franz-Josef Busch of the Association of Bavarian Business. On the other hand, Marcel Fratzscher, head of DIW Berlin, contends that tax breaks for overtime won't solve the labor crisis in Germany, instead advocating for eradicating various barriers preventing women, refugees, and foreign workers from employment, a measure he believes would significantly increase female labor force participation and alleviate the labor shortage. This complex issue of addressing the labor shortage in Germany calls for a careful consideration of both strategies, including reconsidering holiday practices and addressing barriers to employment.
