The daily La Stampa reports on the increasing number of well-educated Germans who are leaving their home country to seek jobs abroad: "While everyone marvels at the old Continent's engine of change and its economic miracle, more and more Germans are quietly packing their bags and heading abroad. ... The crème de la crème are taking their degrees and their know-how to search elsewhere for new career opportunities, for instance in Switzerland, England or the US. ... In 2007 around 161,000 emigrated, an exodus the likes of which Germany has not witnessed since the 1950s. The country has lost its appeal for its elite. High taxes, low salaries and little chance of promotion are to blame. ... Ludwig Erhard's slogan 'prosperity for all' is losing substance. ... In a country that invests 700 billion annually in its social system, the rift between poor and rich has grown ever wider. ... Trade union guarantees are virtually non-existent nowadays. Insecurity is growing." (01/07/2008)
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