> Yawn. If you look at actual production in industry data we're at the peak or close to.
Indeed. This is the same argument people make about oil: it's at (or near) it's highest level ever! So things must be good! And that's not exactly true.
Even though, for oil, there's barely any people who see how bad things are (I guess the top of the US government sort of demands you don't if you work for the US government). But what matters is the change.
If things even just stay the same, efficiency improvements will lead to massive job losses, and in practice "stay the same" still means some companies suffer and others gain. The suffering companies are the employment giants, the gaining companies are the "lights out" factories, to an approximation. Things must go up, it's "the derivative" that matters, so to speak.
That's why it's such a massive deal that the derivative for Europe's industry (even with the massive military investment) ... very close to zero. In other words: the job losses will continue even under Germany's massive investment plan.
You could say they're not beating inflation, but that isn't exactly accurate. Or it isn't the problem.
Indeed. This is the same argument people make about oil: it's at (or near) it's highest level ever! So things must be good! And that's not exactly true.
Even though, for oil, there's barely any people who see how bad things are (I guess the top of the US government sort of demands you don't if you work for the US government). But what matters is the change.
If things even just stay the same, efficiency improvements will lead to massive job losses, and in practice "stay the same" still means some companies suffer and others gain. The suffering companies are the employment giants, the gaining companies are the "lights out" factories, to an approximation. Things must go up, it's "the derivative" that matters, so to speak.
That's why it's such a massive deal that the derivative for Europe's industry (even with the massive military investment) ... very close to zero. In other words: the job losses will continue even under Germany's massive investment plan.
You could say they're not beating inflation, but that isn't exactly accurate. Or it isn't the problem.