5 ms·

I know that correlation does not imply causation, but EU GDP growth is the lowest in the world [1], while Asian is the highest. 1. https://www.gfmag.com/global

by cft 11y ago

I know that correlation does not imply causation, but EU GDP growth is the lowest in the world [1], while Asian is the highest. 1. https://www.gfmag.com/global-data/economic-data/economic-dataworlds-gdp-growth-by-region https://www.gfmag.com/global-data/economic-data/economic-dat...

irixusr 11y ago
The EU block's GDP is also the highest in the world though, with little room to grow. Furthermore, the only Asian country if comparable GOP/capita is Japan which has smaller growth than Europe for two decades...
- TulliusCicero 11y ago
  South Korea has a similar GDP/capita to many European countries. Not the richer ones, but some countries in Southern or Eastern Europe.
  - irixusr 11y ago
    Sure S. Korea is great Taiwan also. But before insinuating that europe's economic woes are due to their summer holidays, I'd look at curroption and the like.
smt88 11y ago
I'd prefer to live in a country with low GDP growth and have an enjoyable life than kill myself with work.
- cft 11y ago
  But your great grandchildren (if any) will prefer that you had different preferences.
  - smt88 11y ago
    First of all, it may be a false tradeoff. There certainly is a lot of evidence that happy people with balanced lives are more productive. Switzerland, Sweden, Norway, and Australia have very high quality-of-life (according to the Economist Intelligence Unit) and very high per-capita GDP[1]. Note that Switzerland's and Australia's GDP per capita are more than double Japan's. Sweden's is close to double. Second, my grandchildren will be able to move to any country they want. If they prefer a soul-crushing job, they can easily find one. 1. https://trulysingapore.files.wordpress.com/2013/05/per-capita-gdp-ppp.png https://trulysingapore.files.wordpress.com/2013/05/per-capit...
  - irixusr 11y ago
    Well there won't be any Asians either. Japan has a celibacy problem, sekkusu shinai shokogun. Their young have given up on sex altogether. They've killed even the two most physical and the most primitive joys in life - sex and the parenthood.
deleted 11y ago
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negamax 11y ago
I don't think growth issues in EU are due to more vacations. Tbh, we need lesser work hours and days to pass automation gains to workers.
thesumofall 11y ago
And still Germany and France are the most productive countries in the world: http://blog.pgi.com/2014/07/winding-work-week-infographic/ http://blog.pgi.com/2014/07/winding-work-week-infographic/
- prodmerc 11y ago
  It's probably other countries that bring overall EU GDP down? Germany needs to export more Germans :-D
  - justincormack 11y ago
    It is not the people, it is the whole working context, the type of businesses has a huge effect, demand hugely affects productivity, eg some businesses scale up with little extra effort (eg finance) so productivity appears to move as demand moves, while others do not.
tonyedgecombe 11y ago
Europe's economies are mature whereas many in Asia are still developing.
tormeh 11y ago
The EU country that works the most is... Greece.

by cft 11y ago

irixusr 11y ago

The EU block's GDP is also the highest in the world though, with little room to grow. Furthermore, the only Asian country if comparable GOP/capita is Japan which has smaller growth than Europe for two decades...

TulliusCicero 11y ago
South Korea has a similar GDP/capita to many European countries. Not the richer ones, but some countries in Southern or Eastern Europe.
- irixusr 11y ago
  Sure S. Korea is great Taiwan also. But before insinuating that europe's economic woes are due to their summer holidays, I'd look at curroption and the like.

smt88 11y ago

I'd prefer to live in a country with low GDP growth and have an enjoyable life than kill myself with work.

cft 11y ago
But your great grandchildren (if any) will prefer that you had different preferences.
- smt88 11y ago
  First of all, it may be a false tradeoff. There certainly is a lot of evidence that happy people with balanced lives are more productive. Switzerland, Sweden, Norway, and Australia have very high quality-of-life (according to the Economist Intelligence Unit) and very high per-capita GDP[1]. Note that Switzerland's and Australia's GDP per capita are more than double Japan's. Sweden's is close to double. Second, my grandchildren will be able to move to any country they want. If they prefer a soul-crushing job, they can easily find one. 1. https://trulysingapore.files.wordpress.com/2013/05/per-capita-gdp-ppp.png https://trulysingapore.files.wordpress.com/2013/05/per-capit...
- irixusr 11y ago
  Well there won't be any Asians either. Japan has a celibacy problem, sekkusu shinai shokogun. Their young have given up on sex altogether. They've killed even the two most physical and the most primitive joys in life - sex and the parenthood.

deleted 11y ago

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negamax 11y ago

I don't think growth issues in EU are due to more vacations. Tbh, we need lesser work hours and days to pass automation gains to workers.

thesumofall 11y ago

And still Germany and France are the most productive countries in the world: http://blog.pgi.com/2014/07/winding-work-week-infographic/ http://blog.pgi.com/2014/07/winding-work-week-infographic/

prodmerc 11y ago
It's probably other countries that bring overall EU GDP down? Germany needs to export more Germans :-D
- justincormack 11y ago
  It is not the people, it is the whole working context, the type of businesses has a huge effect, demand hugely affects productivity, eg some businesses scale up with little extra effort (eg finance) so productivity appears to move as demand moves, while others do not.

tonyedgecombe 11y ago

Europe's economies are mature whereas many in Asia are still developing.

tormeh 11y ago

The EU country that works the most is... Greece.