Decentralized Wage Bargaining in Germany Boosts Employment Prospects
The article talks about how Germany's system of setting wages is changing. Instead of big region-wide agreements, there is a move towards smaller, more specific agreements. Individual wage deals are making wages grow more slowly. But when deals are made only with one company or certain groups, wages don't slow down as much. Overall, wage agreements are becoming more flexible. Some people worry that this decentralisation could break laws or upset workers and some bosses.