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> Greater government control over wages and prices is not going to help low status workers people. That's an assertion, not an axiom. It seems to work in the f
by closewith 4y ago
> Greater government control over wages and prices is not going to help low status workers people.
That's an assertion, not an axiom. It seems to work in the favour of low-paid employees in other developed counties.
- ch4s3 4y agoThe unintended consequence is super high youth unemployment across a lot of Europe. Youth unemployment, meaning people from working age to about 25, is ~8% in the US, ~19% in France, 38% in Spain, 23% in Italy, 11% in Austria (not terrible), and only Germany and the Netherlands have lower rates than the US by 1-2%.