Henning makes a point often misunderstood about the U.S. economy
Link: SAP chief tells European tech companies to wake up | CNET News.com.
The dynamics of the global economy also disproportionately benefit the
United States, he said. He cited a study from management consultancy
firm McKinsey which found that when $1 of value creation moves out of
the United States, $1.13 of new gross domestic product is created in
its place; in Germany, when a euro of value creation moves abroad, only
79 cents of new GDP are created. "In the United States, jobs with
little added value are quickly replaced by more productive ones," he
said.