Transcripts For DW Made In Germany 20240714

But also work as scarcity has many faces our topic today the ingredients to keep an economy running and what to do when supply is drying up economics of scarcity and we start with shortages of stuff what can you do if you cant find enough people to work for you these days even god is looking for stuff while at least the organizations doing gods business down here on earth the Catholic Church is having problems filling the ranks of the nuns we went to a convent and western germany that is struggling to stay afloat. This isnt just a place for christian reflection and prayer its also a business. The team is made up entirely of women. That benedictine nuns and they run. It receives no funding from the Catholic Charities it has to pay its own way and bear all the risks. Right now its main problem is a staff shortage. Why does it help to you know we dont have as many young sisters as we would like. 10 of the 27 nuns here a movement 80 years old and theres only one novice in training nonce dont pay into the state pension fund so they dont qualify for an old age pension. The idea has always been that the younger sisters support the older ones to some extent. Now that the ratio of all dirty younger sisters is so high its becoming difficult. Almost all our older sisters dont get a pension. So we reflect the situation the german Pension System as a whole finds itself in one isnt it as. Solidarity is the foundation of this Monastic Community members support each other. 2 sisters teach theology at universities their pay flows into the communal coffers. That salaries make up the bulk of the abbes income right now teaching jobs are for limited terms the abbey invests the money it does have to try to make its fortune grow. The in charge of finances is called the seller does she pray for rising Interest Rates. No no i leave it to god to decide how he wants to help us. I just pray that he does help us. System manages over one and a half 1000000 euros 65000 person when the Interest Rates were higher life was easier. Now that theyre extremely low as they have been for several years hes moved into stocks and Investment Funds but not just any she of ethical guidelines. No child labor prostitution or weapons we also consider human rights working conditions and whether unions are allowed. But there is an inherent tension here. If we want to diversify we cant just invest in micro finance funds and sustainability. We have an Exchange Traded Fund Tracking that acts in their eggs and another one for the m. D. X. And an inflation like one and none of that is ethical or sustainable. Its hard to be an ethical investor and the financial brains of a catholic at the. Capital are not natural allies. The abbey has a workshop the next parliament some liturgical clothing from gone through weaving embroidering to finish. It used to be an important source of income. For the liturgy you should acquire something decent not just cheap stuff. Sister miriam cuts no corners she only uses soap and does everything by hand prices start at 2000 euro. But there are fewer and fewer catholic priests nowadays. And many of those there are shop on the internet. Because. Were now competing with whats available off the shelf online from the comfort of his desk a priest can order for 300 or even 150 euro. This is it might not look that bad at 1st glance but its not the same as coming here and getting Something Special to the shelf and. The abbey also welcomes guests 2 sisters are assigned to look after them roman board costs 53 year as a night so its not exactly a money spinner. When sister theresa he was young she was keen to pursue a profession. Shes now 84. A friend of mine entered the abbey i wrote to her and told her she must be crazy i would never ever do Something Like that. Sister theresa has been here for 61 years she says she wants to see more women in positions of authority both outside and within the church. And priests come here and theyre very grateful. They come to me we slander peaceful days of contemplation together and we talk every day. Theyre grateful to hear a womans perspective. On this. Benedictine values include silence prayer ability and stewardship listening to military peace Work Community and hospitality monasticism has weathered many crises over a very long period. Ringback is that. Things will change but its been 1500 years and monasteries have yet to vanish from the face of the earth. Once had 600 monks by 1909 there were just 3 now there are 200 again. Things always go up and down. In socialist countries shortages are part of the fabric of life venezuela is a case in point south American Country as the biggest oil reserves in the world but decades of socialist mismanagement aided by widespread corruption as crippled the Economy International sanctions just adds to the misery theres no food no medical supplies and hardly enough energy to keep households supplied millions fled to neighboring countries but dictator Nicolas Maduro is suppressing opposition and is clinging to power whats gone wrong in venezuela. With venezuela and say these people and thats why were optimists there have been many rallies against the government of president Nicolas Maduro and some for it in june the United Nations said more than 4000000 people had fled the country since the crisis began. Venezuela has been in a deep economic and political crisis for years it was once considered rich and it still has the Worlds Largest Proven Oil Reserves of the 6 larger fineries in the country only one is working petrol is running short one of the main problems is venues wayne is dependency on oil which accounts for over 90 percent of export earnings revenues were great as long as the oil price was high. Things went bad until 2008 the price of oil had been rising for a decade then it collapsed and has not enjoyed a sustained recovery since that time. With oil revenues slashed venezuela lacks the hard currency to buy food and medicine abroad manufacturing within the country has also collapsed the private sector has been under siege a further cools of the crisis. Chavez who was president until 2015 pursued a policy he dumped socialism for the 21st century and nationalized thousands of companies and that destroyed the economy. Nowadays 70 percent of all goods are imported idea the water from to go to me im a farmer the land is fertile sadly i had to leave the country because i couldnt get any seed or fertilizer anymore nothing instead our land was expropriated and we lost the little we have. It will be people you see venezuela imports a lot little through exports public debt ratio is among the highest in the world. The i. M. F. Estimates Government Debt could reach over 200 percent of g. D. P. This year. 2016 saw the start of the food supply crisis since then the government has been handing out care packages to the poorest there is hardly anything to buy in the shops or anything ordinary people can afford the 3rd cause of the crisis inflation. People in venezuela spend a lot of time standing in line at banks or shops people are employed and those who are still cant afford even the basics. The i. M. F. Also predicts that the inflation rate could soar to an annual 10000000 percent this year. As revenues collapse president Nicolas Maduro started to print more and more money and turned the venezuelan currency collapsed and the black market flourished. Theres no conflict in the supermarkets but you can get it on the black market where it costs 2 or 3 times as much. As that because of corruption yes it certainly is where do the black marketeers get their goods. Somebody provides them so the crooks can sell them. Corruption also stymies Economic Development and the ongoing struggle between the government and the opposition further stabilizes the economy venezuela is not merely on the brink of the abyss its deep within it. Example of an israel or shows clearly socialist Central Planning expropriation very often creates short for supplies Energy Commodities never enough it seems Market Forces are clearly stronger but that does by no means mean that in free market economy supplies are always plentiful complicated mechanisms are at work here as our next report explains. What is a shortage economy. Imagine you go to the supermarket but the shelves are empty. And you go to a car dealership but you only get a car in 10 years live in a shortage economy. In economists janish corn i coined this term in 1980 in a critique of planned economies in communist countries and his thesis was that shortages in countries like cuba north korea or then east germany were intrinsic to the economic system. In these economies demands didnt determine which goods were offered at which price instead those decisions were made by the governments 5 year plan. And such plans often failed to anticipate demand or are simply unable to meet it. So does that mean capitalism never has shortages. Not at all. There can be a lack of jobs and housing infrastructure daycare spots and a shortage of skilled workers. Often Companies Want quick profits dont train enough employees and outsource jobs abroad rather than investing in their home base. And when they do finally begin to invest theres a shortage of workers with the necessary skills. No matter which system long lasting shortages lead to corruption and a black market scares goods were traded under the counter in east germany but bribes also change hands under capitalism for example when Affordable Housing is scarce. But despite all the drawbacks and paradoxical as it sounds without shortages there would be no growth shortage can be an engine of prosperity. And once youve got everything you need and want you can live happily ever after. And germanys big cities rents are high and so up property prices affordable rental housing and properties for sale are scarce one of the reasons not enough new houses are being built and thats partly because theres a lack of qualified builders electricians and plumbers and short people who actually can make houses fewer and fewer young people take up the famous german apprenticeships i call it claudia lush try to find out why. The Weather Forecast says its going to be a hot day with temperatures above 30 degrees celsius. And the hot also does and it looks tough but were used to it but we do this every day when it gets too hot we shift down a q. And a collapse at the office with. Construction work goes on and all kinds of weather. These jobs are strenuous than theyre unpopular this building site has too few workers its a problem for the sector as a whole which is struggling to find new training grounds. An awful state when we dont have enough young people are what i call mid range around 20 or 21 they dont have the stamina i dont want it without a condition theyre used to getting everything from their parents. But here they have to do it on their own some of them lack logical thinking or the spatial awareness for the job hes on is for sure but i just walk alone. This is a new waste water pumping facility for the berlin Water Utility around 40 builders and iron workers are employed on the site. The lack of trained workers is a growing problem their boss explains orders are up and he could hire more than 20 people on the spot but hes had to turn down contracts because his understaffed. Sales are highly tripled in recent years in the past 2 years weve grown from 50. 00 to 80. 00 employees off the top of other resources on the labor market or simply exhausted and an aging society is also gradually having an impact. Who. Headhunters have even come to the construction site to will away his workers they become of. Commodity to keep them stefan here has raised wages in recent years his employees now earn between 16 and 18 euros an hour. Its body thought it was a matter of money on the lean years and after that wage levels had fallen so far that it was no longer attractive to work in construction. Thats been compensated stepwise in the past few years. But the industry still has a bad image. And thats not only true of construction many of the trades have a Bad Reputation fewer and fewer young people are choosing to get training in professions such as heating and plumbing fitter. With. This Company Currently has 30 trainees learning to install and maintain heating insanitary systems. I want to hear from them why they chose this particular profession most of their classmates at school prefer to go to university. Problem is those people get this image from youtube or social media that they have to do this or that or make so and so much money or they only want to work with computers and not to physically strenuous work or get their hands dirty. And i cant spend the whole day sitting on a chair i couldnt bear that. One of the trainees came to germany as a refugee from senegal on back home he worked as a baker now hes in the 1st year of his training and is still struggling with the german way of doing things. Heres why whedon is working here is a little complicated because you have to follow the rules its a bit more complicated then in senegal. The trainees get a lot of attention the Company Provides extra tutoring and 2 employees have been assigned exclusively to them. This Plumbing Firm also has many orders but too few workers its become more and more difficult to find suitable applicants the owner is concerned about his trades Bad Reputation. Which was inspiration years when its gotten to the point where lots of people have a bad image of our profession i call it gas water and beautiful bathrooms were seen as dealing with filth and being dirty in stinking homes with whom one of these women its not like that anymore and along each of our Service Technicians have a laptop that theres a lot of electronics involved and they have to know a lot about technology. The workers on the construction site dont worry too much about their image they said theyre proud of their profession and what they accomplish every day. Towards a civilian so for us its a way of life anything you want to tell you dont we get some people who come and think they will get it shown to them quickly and they can do it but not everyone can you have to really want it that was one whole. Germany has a shortage of trades people im surprised that not enough people want to do these jobs despite respectable pay. If this trend continues it will eventually affect everyone. Well the lack of qualified workers is already hampering their Properties Sector in germany helping to drive prices and rents up Small Companies suffer not only here lets take a look around Hyderabad India is yuan in china all the hungary and capital of budapest have seen rents explode by 25 percent in just one year berlin is comparatively well off runs have doubled but it has taken 10 years owners of Small Businesses are even more vulnerable as commercial rents are not kept here in germany sometimes help comes from unlikely directions how many jobs are for example made millions with buying and selling properties but now hes focusing on helping Small Businesses to survive and thrive in a demanding environment our reporter made berlins property robin hood. Rents in berlin have doubled in the last 10 years to hama jutta the upward spiral is a worrying development as a millionaire he has no problem paying his rent but he can understand tenants concerns. Is this. When the gap between rich and poor gets too extreme you get social tensions the rich dont like that either. Hes decided to protect tenants against speculative buying especially tradespeople what he does is buy commercial premises to rent to them. You know. This glazing company was the 1st to benefit. Announcement has been handling works of art here for 50 years. Workshop is like his 2nd home. Not long ago the property changed hands. Then he got word the new owner wanted him out. We dont have i was desperately looking for a new place for over a year. And a half but i couldnt find anything and when i did it was too expensive. Then i thought anyway a 100 year old Business Needs to stay where it is that. The company was able to stay under the same conditions thanks to him and judge he bought the work space 4600000 euros is among. This man makes a living for himself and his family with this shop the livelihood of the entire family depends on this shop without it he loses his livelihood. And thats pretty much socially unacceptable the state should step down that its important to protect these Small Businesses but they have absolutely no protection of. Crime shorts. The millionaire believes in protecting renters. But of course he also likes a project that can turn a profit. Hes hoping to get a lot out of this property the obvious tribune a. Legendary berlin landmark. That all but it was 500000 euros quite affordable but i invested a huge amount just throwing the trash out cost a 5. 00 figure sum it was for. Nearly a 100 years old the obvious is widely considered the 1st motorway in the world the spectators stand for the old test track and racing circuit known as the tribune or is the 1st thing many visitors see when they drive into the german capital. The obviously been a student band and for more than 20 years. Nobody had any use for it. Commonly when you cant rent out steps and if something doesnt make you money then you cant invest so were building offices under the steps to rent out. And therell be a glass front to turn it into a 400. 00 square metre event space the whole project will cost about 7. 00 or 8000000. 00 euros with us having. Just it has gone bankrupt twice in the course of his career perhaps thats why he knows what it means when rents become unaffordable. If. You need tenants who dont cause trouble who pay their rent on time who take care of the building and dont bother you that thats how my tenants are because theyre happy im also a tenant and my landlord for. Its the same he just travels and plays golf because he knows his property is safe. From it jato calls bell in home and he wants to make sure it remains a place where people can afford to live and work. What i call a win win situation and thats it from me on the made in germany to be thankful. I am a. Sex maker. Raring to. If there is any erotic benefits remember you have to find it between the lines. Of literature just a 100 german must reads. The guitarist guard function is booming capital i love for that the scope of the multicultural metropolis in our duramax series to live our lives like star 76 i love you even if she was a certain look so its like me despite the 15 nations 50 story. Could be very personal tips on berlins very best interests book now. Every week on t. W. Earth home to millions of species home or saving lives google ideas tell stories of creative people and innovative projects around the world ideas that protect the climate boost Clean Energy Solutions and reforestation. Using interactive content to inspire people to take action global audience in the series of global 3000 on t. W. And online. To for. 6. Long weeks. This. Coming from berlin britain awaits the transfer of power to resume has answered lawmakers questions for the last time in parliament she resigned and the queen will invite Doris Johnson to her when you government just a day after he was elected leader of the governing conservative party. And in washington former special counsel Robert Muller the pres to give 5 hours of testimony before Congress Committees but to really go beyond the already known of the findings of his