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Article: The new yuppies. (West Germany)
- Article from:
- The Economist (US)
- Article date:
- September 23, 1989
CopyrightCOPYRIGHT 1989 Economist Newspaper Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The new yuppies
IS ANOTHER West German economic miracle in the making? Certainly not one as striking as the "ashes to riches" recovery after the second world war. But the new wave of German immigrants from the communist east promises to bring at least a mini-miracle in the 1990s.
The postwar economy boomed not least because more than 10m refugees fled to West Germany, boosting demand and swelling the labour force. The influx now is much smaller but growing fast. This year alone more than 100,000 East Germans (40,000 last year) and about 350,000 other ethnic Germans (203,000 last year) from elsewhere in communist Europe are coming to settle in West ...