FRANKFURT, Germany (AP) — Germany’s biggest industrial union and employers have reached a wage deal that gives workers the equivalent of 3.5 percent annual raises over a 27-month period and the chance to work a 28-hour week for up to two years.Imagine: A 28-hour work week. The shorter hours are balanced with other provisions that allow for longer work-weeks as well, the story makes clear. Still, even conceiving of a work week that amounts to little more than a single day in seven seemed to dovetail this morning with a photo passed along in email (read the caption):
Such wage gains could boost an already strong German economy by increasing consumer spending. And if they spread to other sectors and countries, they could raise inflation across the 19-country eurozone from its current weak levels, something the European Central Bank has been trying to do for years.