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Curimedia/Creative Commons

A lot more Germans have obtained jobs over the last two decades, but they are working fewer hours, per the Financial Times' Alphaville blog. The post, based on a new paper by German economist Christian Odendahl, is titled, "The myth of the German jobs miracle."

The significance of Odendahl's findings is that Germany is often held up as an example of how to weather the cross-cutting storms of globalization, hyper-advancing technology, and migration. Among his conclusions:

  • The number of jobs in Germany is up by 15% since a trough in the mid-1990s. But the total number of hours worked has grown by much less — by 2%. In other words, Germans as a whole are working fewer hours.
  • And their jobs increasingly are not paid much: As of 2014, almost a quarter of Germany's workers are paid at or below €10.50 an hour, up from 15% in the 1990s.

Why it matters: If Odendahl's findings hold up, they cast a new cloud over the West's challenge of navigating the current global political turbulence, which is largely driven by four decades of stagnating wages and job loss.

Go deeper

25 mins ago - Politics & Policy

Read: Pete Buttigieg's opening statement ahead of confirmation hearing

Pete Buttigieg, President Biden's nominee to be secretary of transportation, in December. Photo: Kevin Lamarque/AFP via Getty Images

Pete Buttigieg, President Biden's nominee to lead the Transportation Department, will tell senators he plans to prioritize the health and safety of public transportation systems during the pandemic — and look to infrastructure projects to rebuild the economy — according to a copy of his prepared remarks obtained by Axios.

Driving the news: Buttigieg will testify at 10 a.m. ET before the Senate Committee on Commerce, Science and Transportation. He is expected to face a relatively smooth confirmation process, though GOP lawmakers may press him on "green" elements of Biden's transportation proposals.

Off the Rails

Episode 8: The siege

Photo illustration: Aïda Amer/Axios. Photos: Mandel Ngan/AFP via Getty Images

Beginning on election night 2020 and continuing through his final days in office, Donald Trump unraveled and dragged America with him, to the point that his followers sacked the U.S. Capitol with two weeks left in his term. Axios takes you inside the collapse of a president with a special series.

Episode 8: The siege. An inside account of the deadly insurrection at the Capitol on Jan. 6 that ultimately failed to block the certification of the Electoral College. And, finally, Trump's concession.

On Jan. 6, White House deputy national security adviser Matt Pottinger entered the West Wing in the mid-afternoon, shortly after his colleagues' phones had lit up with an emergency curfew alert from D.C. Mayor Muriel Bowser.

55 mins ago - Technology

Tech companies worry about becoming targets

Illustration: Aïda Amer/Axios

Tech employees are on high alert about their own personal safety as their employers roll out policies to ban or limit the reach of far-right extremists angry over former President Donald Trump's defeat.

Why it matters: As tech companies impose aggressive policies after the Capitol riot, employees will be the target of vitriol from aggrieved people who think tech and the media are conspiring to silence Trump and conservatives more broadly.