There are a lot of things to consider in the chart below, but as a manufacturing guy, I believe that the strong economic performance by Germany, compared to Ireland at the current moment, might be partly explained by Germany’s strong apprenticeship programs, as opposed to sending everyone off to University.
Making people who can make things as opposed to churning out masses of “symbol managers.”
Q: Who would have thought of “Post Secondary Educational Achievement” a possible negative economic indicator?
A: Professional Journeymen in the trades, perhaps.
So why is the German economy, with its relative lack of large numbers of well educated citizens in the 20-24 year old age group so far ahead of Ireland?
Chart courtesy of Clusterstock Who captioned this Graph” The Irish Collapse Is An Embarrassment To Everyone Who Loves Education”
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