Wow, Denmark is leading manufacturing growth and the German government is still telling us that the hourly wage is the problem.
Almost all Poles are very surprised about the second country on that graph.
Edit: well, after some thinking and remembering all the banners for laser cutting and cnc machining in nearby areas (touristic region at that), there might be some truth to it.
Agreed. Actually - maybe no? Maybe the hourly wage is the problem. It's been too low for too long so there was no pressure to innovate. Denmark and Switzerland are big manufacturers with high wages that are continuously innovating. Maybe the Euro was a curse for Germany afteral? Without it their wages would have been higher.
I'd really like to know which products that manufacturing in Denmark produces. Ozempic is a massive financial success, so maybe that is a large part of it? The lesson from Ozempic would be "Just have a huge hit come out of your R&D department", I guess...
Interestingly there was a public discussion in Denmark around 2016, about how the Danish labor market and industry should not end up approaching 'German conditions', even though the Hartz reforms were envied by some economically liberal Danish politicians.
That's basically just Novo Nordisk manufacturing Ozempic. Yes, it's big enough to distort all graphs about Denmark.
(the real lesson here is "make a product that everyone wants")