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Klaus Ernst

No Boom for Employees

Klaus Ernst, deputy chairperson of DIE LINKE, says that the latest data concerning the negative development of actual wages in Germany, is proof for a wrong policy of the Grand Coalition. He pleads for high wage increases and declares:

These data are a slap in the face for the Grand Coalition. For insolvent banks they have billion left over but for wage earners they do not lift a finger. The boom has practically not reached the people. Far from it: for the employees has the crisis already begun. Empty pockets mean nothing good for the economic cycle. Employees do not gamble on the Stock Exchange. They spend their money to finance their living.

Now there can be only one motto: substantial wage increases for the employees and a real rise of the bonds and debentures. That would be good for the people and for the economic cycle.