• Latest
  • Trending
  • All
  • News
  • Lifestyle
How Germany’s guest workers become guest entrepreneurs thumbnail

How Germany’s guest workers become guest entrepreneurs

November 21, 2020
Biden Marks Selma Anniversary with Executive Order to Expand Voting Access thumbnail

Biden Marks Selma Anniversary with Executive Order to Expand Voting Access

March 8, 2021
Robocalls are the worst they’ve been since the pandemic started thumbnail

Robocalls are the worst they’ve been since the pandemic started

March 8, 2021
Lindsey Graham said he deals with Trump's 'dark side' because he thinks he has a 'magic' other Republicans don't thumbnail

Lindsey Graham said he deals with Trump’s ‘dark side’ because he thinks he has a ‘magic’ other Republicans don’t

March 8, 2021
Connecticut Lifting All Covid-19 Capacity Restrictions On Businesses Including Restaurants And Gyms thumbnail

Connecticut Lifting All Covid-19 Capacity Restrictions On Businesses Including Restaurants And Gyms

March 8, 2021
Senate passes massive COVID-19 relief bill, sending changes back to House thumbnail

Senate passes massive COVID-19 relief bill, sending changes back to House

March 7, 2021
FBI Uncovers Contact Between Trump White House and Proud Boys Before Capitol Attack thumbnail

FBI Uncovers Contact Between Trump White House and Proud Boys Before Capitol Attack

March 7, 2021
Call me, maybe? Study probes how people connected during the pandemic thumbnail

Call me, maybe? Study probes how people connected during the pandemic

March 6, 2021
Donald Trump expands his Republican enemies list to Karl Rove, Wall Street Journal op-eds thumbnail

Donald Trump expands his Republican enemies list to Karl Rove, Wall Street Journal op-eds

March 6, 2021
The Perseverance rover just flexed for all the hot Martian babes thumbnail

The Perseverance rover just flexed for all the hot Martian babes

March 5, 2021
John McAfee charged with securities fraud for ‘pump and dump’ cryptocurrency scheme thumbnail

John McAfee charged with securities fraud for ‘pump and dump’ cryptocurrency scheme

March 5, 2021
Congressional Review Act Could Allow Dems to Strike Down Trump-Era Rules thumbnail

Congressional Review Act Could Allow Dems to Strike Down Trump-Era Rules

March 5, 2021
New Jobless Claims Rise Again as Congress Continues to Debate Biden's $1.9 Trillion Stimulus Package thumbnail

New Jobless Claims Rise Again as Congress Continues to Debate Biden’s $1.9 Trillion Stimulus Package

March 4, 2021
  • About
  • Advertise
  • Privacy & Policy
  • Contact
  • Donate
Monday, March 8, 2021
31 °f
Orleans
39 ° Tue
41 ° Wed
46 ° Thu
48 ° Fri
  • Login
  • Register
FREE Cape Cod News
  • Home
  • News
    • Cape Cod News
    • Cape Cod Covid-19
    • Breaking News
    • Cape Cod Weather
    • Storm Watch
    • Environment
    • Tech
  • U.S.
  • Politics
  • Business
    • Real Estate
  • World
  • Entertainment
  • Lifestyle
  • Photos
    • Orleans
    • Eastham
    • Wellfleet
    • Truro
    • Provincetown
    • Brewster
    • Chatham
  • Videos
No Result
View All Result
Free Cape Cod News
No Result
View All Result
Home Business

How Germany’s guest workers become guest entrepreneurs

FREE Cape Cod News by FREE Cape Cod News
November 21, 2020
in Business
Reading Time: 3min read
0
How Germany’s guest workers become guest entrepreneurs thumbnail
634
SHARES
1.4k
VIEWS
Share on TwitterShare on Facebook

 

Migrants are likelier than other Germans to start businesses


TO THE CONSTERNATION of Ugur Sahin and Özlem Türeci, much of the couple’s coverage in the German press focused on their Turkish roots. “Our world can be saved. From Mainz. By children of migrants,” was a headline in Bild, Germany’s best-selling tabloid. Their story certainly defies the cliché of owners of doner-kebab stands and fruit-and-vegetable shops—even if Mr Sahin and Ms Türeci, chief executive and chief medical officer, respectively, of BioNTech, would have preferred to read about the details of their firm’s discovery, in partnership with Pfizer, an American drugmaker, of a highly effective vaccine against covid-19.

“There are other BioNTechs,” says Rosemarie Kay of the IfM, a think-tank in Bonn. Migrants are much likelier than the average German to start a business (see chart). According to a recent survey by KfW, a state-owned development bank, one in four of the 605,000 founders of firms last year had foreign origins. They are not limited to groceries and gastronomy. Spotted, established by Nik Myftari, a refugee from Kosovo, is a dating website. Novum, created in 1988 by Nader Etmenan, who fled Iran, has become one of Germany’s biggest chains of hotels.

 

Immigrants to Germany (like Mr Sahin) or those with at least one parent who was born abroad (like Ms Türeci) number 19.6m, representing 24% of the population. A study from the Bertelsmann Foundation, another think-tank, found that members of this group own 773,000 businesses. Of these, 469,000 are sole traders. The rest are employers, mostly in construction, retail and services. Their numbers are growing. By comparison, the number of other Germans who own businesses declined by 275,000 in the period, to 3.2m.

“Germans are averse to self-employment,” says Armando Garcia-Schmidt of the Bertelsmann Foundation. Many graduates prefer a safe civil-service career to the vicissitudes of starting a business. The booming labour market of the past decade helped skilled and unskilled youngsters land a decent job without trying.

Options for migrants tend to be more limited. Some come from countries with strong entrepreneurial traditions and tend to pick successful entrepreneurs as role models. Various studies show that explicit or implicit discrimination makes the labour market, even in good times, much tougher for migrants. And many have qualifications from their country of origin that are not recognised in Germany, so creating a business is their only chance to earn more than the wage from a menial job.

Mr Garcia-Schmidt expects the labour market to become more difficult for everyone once the pandemic has abated and Germany’s generous furlough schemes expire. Covid-19 has made 2020 a terrible year for founders of all stripes. As the country emerges from the coronavirus recession, more native Germans may opt for self-employment as an alternative to joblessness. They can learn a thing or two from their migrant neighbours. 

Related article American Immigrants

Read More

Tags: businesseuropeGermanyimmigrantsimmigration

FREE Digital Newspaper Subscription!
Sign up for your free digital subscription. The FREE Cape Cod News

Unsubscribe
FREE Cape Cod News

FREE Cape Cod News

Free Cape Cod News is what's happening in the Cape Cod, U.S and World & what people are talking about right now. Local newspaper. Stay in the know. Subscribe to get notified about our latest news.

Related Posts

Connecticut Lifting All Covid-19 Capacity Restrictions On Businesses Including Restaurants And Gyms thumbnail
Business

Connecticut Lifting All Covid-19 Capacity Restrictions On Businesses Including Restaurants And Gyms

by FREE Cape Cod News
March 8, 2021
Trump Family Lists Palm Beach Pad Next to Mar-a-Lago for $49 Million thumbnail
News

Trump Family Lists Palm Beach Pad Next to Mar-a-Lago for $49 Million

by FREE Cape Cod News
March 3, 2021
Square made waves in 2020 with Bitcoin, and is now looking to dive deeper into the crypto world thumbnail
Business

Square made waves in 2020 with Bitcoin, and is now looking to dive deeper into the crypto world

by FREE Cape Cod News
February 26, 2021
Cryptocurrency exchange Coinbase files to go public in a direct listing on Nasdaq thumbnail
Business

Cryptocurrency exchange Coinbase files to go public in a direct listing on Nasdaq

by FREE Cape Cod News
February 25, 2021
Load More
Please login to join discussion

Follow Us on Twitter

FREE Cape Cod News - Your source for local Cape Cod news, latest breaking U.S. and World news. Every day, all day. Subscribe for your favorite categories.

  • Trending
  • Comments
  • Latest
Sources said Rolex would create an in-house ad agency and move its business away from ad holding company giant WPP after nearly 75 years thumbnail

Sources said Rolex would create an in-house ad agency and move its business away from ad holding company giant WPP after nearly 75 years

November 19, 2020
Chatham MA. FREE Cape Cod News.

Chatham MA Local News

July 17, 2020
Biden Marks Selma Anniversary with Executive Order to Expand Voting Access thumbnail

Biden Marks Selma Anniversary with Executive Order to Expand Voting Access

March 8, 2021
Biden Marks Selma Anniversary with Executive Order to Expand Voting Access thumbnail

Biden Marks Selma Anniversary with Executive Order to Expand Voting Access

March 8, 2021
Robocalls are the worst they’ve been since the pandemic started thumbnail

Robocalls are the worst they’ve been since the pandemic started

March 8, 2021
Lindsey Graham said he deals with Trump's 'dark side' because he thinks he has a 'magic' other Republicans don't thumbnail

Lindsey Graham said he deals with Trump’s ‘dark side’ because he thinks he has a ‘magic’ other Republicans don’t

March 8, 2021
Support Local News, Make a Donation Support Local News, Make a Donation Support Local News, Make a Donation

FREE Cape Cod News On Twitter

Today’s News

  • Biden Marks Selma Anniversary with Executive Order to Expand Voting Access March 8, 2021
  • Robocalls are the worst they’ve been since the pandemic started March 8, 2021
  • Lindsey Graham said he deals with Trump’s ‘dark side’ because he thinks he has a ‘magic’ other Republicans don’t March 8, 2021
  • Connecticut Lifting All Covid-19 Capacity Restrictions On Businesses Including Restaurants And Gyms March 7, 2021
  • Senate passes massive COVID-19 relief bill, sending changes back to House March 7, 2021
FREE Cape Cod News

Copyright © 2020 Free Cape Cod News

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact
  • Donate

Follow Us

No Result
View All Result
  • Home
  • News
    • Cape Cod News
    • Cape Cod Covid-19
    • Breaking News
    • Cape Cod Weather
    • Storm Watch
    • Environment
    • Tech
  • U.S.
  • Politics
  • Business
    • Real Estate
  • World
  • Entertainment
  • Lifestyle
  • Photos
    • Orleans
    • Eastham
    • Wellfleet
    • Truro
    • Provincetown
    • Brewster
    • Chatham
  • Videos
  • Login
  • Sign Up

Copyright © 2020 Free Cape Cod News

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist