The article chooses to take a metric that you usually do not see much: GDP per employee and per hours worked, at purchasing power standards
The article chooses to take a metric that you usually do not see much: GDP per employee and per hours worked, at purchasing power standards
I had an argument with some blog poster here recently, who tried to compare the US and EU based on how neoliberal the economic policies are. But the difference in economic growth was then attributed to these policies, ignorinh the underlying structural factors.
Unfortunately i rarely see articles like this one, that adresses the structural aspects. Overall population and working population are key factors to economic growth. The US population grew siginificantly over the past two decades, while European populations only grew minimally or stagnated.
If the reactionary and liberal politicians in the EU blame the overall slower growth of the economy compared to the US on labor rights, social systems or public companies they deflect from how their restrictive immigration policies are the main factor why the US can grow faster economically.