I have also a risk premium who lives in Spain and another living in Germany. Their lives have a gap of a few basis points : their salaries, the price of their homes, their technological capacity and international marketing, taxes and what they receive in return. May sound a tale, a parable or fable, but it is pure reality, not a financial pipe dream.
English
My cousin has to work many more hours than the German to win half or, more accurately, a third party. If you talk in terms of competitiveness, quality or other big concept-ended ad believe him unless a German. Is it because in their vocabulary words are more frequent type bologna, mortgage or rather unemployment to value, hedge funds CRM. It has taken almost ten years to have children and fifteen out of the house of his parents. The risk of my cousin English is that next year the salary will fall further, although not official, or directly to not renew the contract, the nth term contract of 40 years of life. It's actually my risk premium because it does not mileurista, his salary has been almost frozen in the last decade, the price per square meter of the house of your dreams, dreams of 80 meters, has risen in that time a 400%. Its use has little to do with the I + D + i (their bosses would laugh in your face) and English although there is not submitted even one chance in office to develop a minimal international experience, not one one of his coworkers was born in another country, or fucking lack that makes your company, apparently. German
My cousin has other risks. Works in a multinational technology that is constantly innovating. Cobra well above the average wage of their country, but is that the average salary is now double that of Spain (40,000 and 20,000 €, in round numbers). With a similar level of training for English, German has a lower risk premium to charge below that average and job loss. It also has less risk of being paid less for women. The effort needed to buy a house, a car, a daily menu is also much smaller. Yes, beer or wine are proportionately more expensive ...
could go on but why. It is clear that financial markets have much to do with reality.
The risk premium is English. For Germany, the risk premium is me.
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