Current bank regulations can only produce old weak jobs, not new sturdy and strong jobs. That takes risk-taking.

Sir, Chris Bryant, in “Germany’s ‘jobwunder’ obscures full picture” September 3 reports that most job growth in Germany is made by “low paid, precarious types of employment Such as part-time work, temporary contracts, so called ‘minijobs’ and outsourcing”.

We should not be surprised. Bank regulations which allow banks to earn much higher risk-adjusted returns on equity when lending to “The Infallible”, than when lending to “The Risky”, can only produce fatty tissue, and not the muscles required to engineer a new generation of sturdy jobs… that requires risk-taking and does not allow for excessive risk-aversion.