Professor of Economics at the University of Bayreuth
https://sebastiantillbraun.com/
1️⃣ Half of West German labor markets saw a “reversal of fortune” from 1926–2019.
2️⃣ Early industrialization spurred development but became a liability after WWII.
3️⃣ It created a lopsided economic structure dominated by large firms, limiting adaptability and innovation.
1️⃣ Half of West German labor markets saw a “reversal of fortune” from 1926–2019.
2️⃣ Early industrialization spurred development but became a liability after WWII.
3️⃣ It created a lopsided economic structure dominated by large firms, limiting adaptability and innovation.