German Workers Do the Wage Limbo
(This would definitely be ISME and IBECs dream. I was surprised to find out that Germany does not have a statutory minimum wage. pc)
A new German employment site shows just how bad the country's job market has become. JobDumping.de is like no other career portal. Employers still list jobs, but prospective workers log on and bid -- downward.
Want a job as a cleaner? Log on and offer to do the work for 10 euros an hour. If someone else bids 8 euros per hour, they get the job. Would-be workers engage in a race to the bottom, continually lowering the ante to get the job.
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