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>Enforcing labor law is good for the economy and good for society. It may be good for society but if you compare countries with more labour laws to those with
by logicchains 2y ago
>Enforcing labor law is good for the economy and good for society.
It may be good for society but if you compare countries with more labour laws to those with less, e.g. Europe vs America (or Western Europe vs Northern Europe, which has stronger welfare but less onorous regulation), more labour law is not good for the economy.
- wat10000 2y agoAmount and enforcement are orthogonal. Regardless of how much you have, it must be consistently enforced.
- Frieren 2y ago> more labour law is not good for the economy If by economy you mean the richest 0.1% earning more money, I have to agree. But I disagree with that definition of "economy". For me economy includes the ability of citizens to make ends meet and afford good health care and education. A good economy requires a well regulated labor market. That definitions of a "good economy" are excluding these considerations it is just an effect of inequality and an increasing focus on the needs of the 0.1% over the economy as a whole. And it is not a real representations of the real economy at all.
- organsnyder 2y agoGDP isn't the only measure of a country's success. European countries surpass the United States in many metrics relating to the actual wellbeing of their citizens.
- nradov 2y agoWhich European countries specifically? Europe is a big place. Are you including Moldova? Or just the nice parts of the EU? You can cherry pick measures of success to make one country look better than other countries. So what. For example, the USA does better than almost all European countries in 5-year cancer survival rates.
- organsnyder 2y agoMy wording was sloppy: I should have said "...many European countries..." or just "many countries", for that matter. My point is that the level of GDP in the United States is not required for a thriving society.
- nradov 2y agoWhat is the minimum GDP per capita required for a thriving society?
- organsnyder 2y agoI don't have that answer. But I see no evidence that the United States benefits—as a society—from our high GDP.
- nradov 2y agoWould we be better off with a lower GDP?
- organsnyder 2y agoI don't know. But we certainly would be better off if we optimized for other metrics besides GDP.
- nradov 2y agoWhich other metrics should we optimize for, and how should those metrics be weighted relative to each other?
- bigtex88 2y agoThis is a bad-faith question and you know it.
- 2y ago
- bee_rider 2y agoI think you’d really have to break it down in much more detail to say much at all. I mean, it isn’t even obvious to me at least that “more labor law” is a meaningful measure. We have some onerous and overbearing regulations in the US, for example Right To Work laws, which restrict the types of terms that a company and union can put in their contact. But we don’t think of that as “more labor law” because it works against labor. Paperwork in the US can be kind of complicated. It is just both complicated and poorly aligned.