4 ms·
I'm sorry, but you're incorrect on two matters of fact. First: the EU's labor force participation rate is significantly lower than the US's (58.3% in 2019 vs 6
by ggreer 6y ago
I'm sorry, but you're incorrect on two matters of fact.
First: the EU's labor force participation rate is significantly lower than the US's (58.3% in 2019 vs 63.4%). If the US had the EU's LFPR, we'd have 13 million fewer jobs.
Second: Denmark, Austria, Finland, and Sweden all lack minimum wage laws. They have other programs that benefit poor people regardless of whether they have a job or not.
- jahaja 6y agoWhat are you even talking about? 1. I didn't write EU, I wrote Northern-European countries. 2. While true, it isn't a fact supporting your point. The main reasons for the lack of minimum wage laws are because of high degree of unionisation and the widespread use of collective bargaining agreements.