NYT Warns of a Looming Crises in Germany: Rising Wages

The NYT devoted an article to Germany's declining population, which it warns may lead to a "major labor shortage" according to unnamed experts. The piece warns that this is not only a potential crisis for Germany, but in fact all of Europe, telling readers:

"There is little doubt about the urgency of the crisis for Europe."

The piece is confused throughout, apparently misunderstanding the way markets work. At one point it tells readers that German employers "hundreds of thousands of skilled j...