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Looking at a narrow metric like GPD/hour as support of unionzation is very selective. Sweeden also has more homeless people per capita than US, and higher unem
by ActorNightly 6y ago
Looking at a narrow metric like GPD/hour as support of unionzation is very selective.
Sweeden also has more homeless people per capita than US, and higher unemployment, and lower GDP/capita, and different labor laws.
Its also not really a good excersize to compare against other countries. With full analysis, you quickly get into weeds of things like cultural values, homogeneity, hysteresis in policy, all of which affect the economy.
Saying that an economic policy works in one country has no relation to whether it works in another. For example (albeit a dumb one, but it illustrates the point) - in most of EU, there aren't really 24 hour grocery stores or food places, unlike in US. Is it better to enact a policy stop economic trade in late hours, with the assumption that people are more productive if they have time with their families, or would you rather have a free market that allows the night owls to make money if they want to?
The answer is that it solely depends on the population. General labor class with more traditional values would probably prefer the former. Younger techies that aren't concerned with families and love what they do and willingly work into later hours would prefer the latter. E.t.c and so on.