I don't disagree with anything in particular here but I'm not sure your latter paragraphs do anything to explain why Germany is different. Or are you saying it's also institutional inertia and it's just a matter of time for them to end up the same?
>Or are you saying it's also institutional inertia and it's just a matter of time for them to end up the same?
Exactly. Britain has lost its industry long ago, while Germany did not. The situation right now is different, but I do not believe the trajectory is.
Especially when it comes to software, even the largest corporations in Germany just outsource to India. And justifying hiring people for 2x/3x//4x the cost at "home" becomes increasingly hard.
