The alternative is muted wage and income growth shared across the income spectrum, combined with productivity-enhancing measures. This was a component of Germany’s successful reform program of a decade ago, which included labor-market and social-security reforms, the combined effect of which was to restore competitiveness and growth potential in the tradable sector, while improving productivity on the non-tradable side.
对此的替代方案就是让各个收入阶层都分担缓慢的工资和收入增长，再结合促进生产力发展的措施。这是德国十年前成功改革计划的配方——它包括了劳动力市场和社会保障改革，这种结合的结果是恢复贸易部门的竞争力和发展潜力，同时提高了非贸易部门的生产率。