Cologne's Top Dog Demands Scrapping Holiday for Boosted Economy
Executive Leader Advocates for Elimination of Holiday to Enhance Economic Growth - Executives Urge Elimination of National Holiday for Enhanced National Economic Growth
Michael Huether, the big cheese of the Institute of the German Economy (IW), has thrown his hat into the ring with a bold proposal. He's suggesting we get rid of the Buß- und Bettag—a religious holiday in Germany since 1995. According to Huether, more work equals more dough, and he's got the Bavarian Business Association's demand for abolition as his backing.
On the flip side, Marcel Fratzscher, head honcho at the German Institute for Economic Research (DIW Berlin), thinks otherwise. In a bombshell statement to the Funke media group newspapers, he asserted that our labor woes won't be solved by nixing holidays or tax breaks for overtime. Fratzscher believes the key to tackling the labor shortage lies in tearing down the plethora of barriers obstructing the employment of women, refugees, and foreigners.
"We can only conquer the labor shortage by a substantial increase in immigration and the elimination of barriers for women," he demanded.
The enrichment data reveals a lack of current stances from the Association of Bavarian Business or Michael Huether regarding the Buß- und Bettag as a public holiday. Additionally, it doesn't disclose any alternative solutions proposed by Marcel Fratzscher for resolving the labor shortage other than immigration and gender barriers. To uncover the latest information, it's wise to refer to recent statements or press releases from these figures.
The community institution, Institute of the German Economy (IW), has proposed the abolition of a public holiday, the Buß- und Bettag, to boost the economy, concurrently disagreeing with the German Institute for Economic Research (DIW Berlin) who advocates addressing labor shortage by increasing immigration and eliminating barriers for women. In the realm of business, the Bavarian Business Association supports this radical proposal. However, the specific stance of Michael Huether, the head of IW, or the Association of Bavarian Business in terms of alternative solutions for addressing labor shortages remains unclear.
