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Northern Europe haven't had significantly more unemployment even though the labour costs and regulations are much better than in the US. How would you explain t
by jahaja 6y ago
Northern Europe haven't had significantly more unemployment even though the labour costs and regulations are much better than in the US. How would you explain that?
- caballeto 6y agoThat is false. Example: unemployment rate of youth in Spain for 2019 was 32.9%, the rate for same period in US was around 9%. Similar situation in other Northern Europe countries, with high unemployment rate especially among youth, as they are the most vulnerable to minimum wage laws which limit their ability to acquire skills and experience needed to move to higher paying jobs.
- jahaja 6y agoNo. I never said anything about Spain and southern europe. Overall unemployment isn't worse historically. Not sure why you cherry-pick youth as if it invalidates the overall stat somehow. But even that stat isn't worse historically.