581–590 of 905 posts
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Even the top tier of decision making political class in the USA has many immigrants. In Europe it's still largely token presence faces in auxiliary positions.
Yeah the Trump government was really really diverse, and so are the boards of the large companies.
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> the low work ethic Incredible to read this... the top-15 of most productive countries [1] are all European save for the US and Australia, which are populated with a huge population of European descent. [1] https://time.com/4621185/worker-productivity-countries/
having lived and worked in Asia, I have to say that table looks weird. i have found no other place in this planet where people work longer and better than certain places in Asia.
Their French counterparts do the same job in 5 hours instead of 10.
I've lived in a few different parts of the EU, and couldn't imagine a worse idea than starting a company there (which I did, once). Starting is hard enough without the general negative attitudes, the government insanities, the insane taxes, the low work ethic, the 8 weeks of vacation every month (I exaggerate, slightly). And I was in one of the two best EU countries, God only knows how bad it is in Spain or Italy or…
I’m not a Brexit supporter, but the EU’s bungling of Covid and the subsequent vaccine rollout, and the ridiculous level of regulation it is trying to impose on firms it cannot produce itself, is making me more and more comfortable with Brexit.
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>> the entire EU economy grew at the same speed than the US one but not its 500 bigger companies > This is literally the article’s point. Europe and the U.S. grew similarly. The U.S. and China produced more large companies. (The Continent’s larger companies also being older than the other two’s.) So Europe did a better job in distributing wealth more equally, while in the US and China you got a massive concentration…
That's about the distribution of economic activity between large and small businesses. It's got nothing to do with wealth distribution between individuals. All that the Economist is pointing out is that there are some businesses in which you have to have massive scale to be competitive. In those specific businesses, you either scale up or you can't compete at all. Europe is giving up competing in those areas.
Innovative is the real disruptor. We forget this at our peril.
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> Wrong for Germany, those immigrants from 2015 integrated well into the workforce I have no horse in this race, but I'm curious about a source for this, mostly for how it's been measured.
First one that I could find. https://www.tagesschau.de/wirtschaft/arbeitsmarkt-fluechtlin... It says that by 2020 half of them has found a job, which is way higher unemployment rate than is average in Germany though. But even if they don't find jobs themselves, at the very least they have children which is critical for sustainability of a country with inverted population pyramid.
Half of immigrants being unemployed after half a decade is bad, especially compared with America, where immigrants are more likely to find themselves employed than the native born [1].
> if they don't find jobs themselves, at the very least they have children
Sure. But I'd hate to do the math on how much each of those children cost the German taxpayer.
[1] https://books.google.com/books?hl=en&lr=&id=LZTRCwAAQBAJ&oi=...
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Not a donor list thing. Had to wait months for scans, referrals and tests. All private.
Sorry didn't understand candidate part. Anyway - yeah I have no doubt private systems can get overloaded too, here if you have the money you have access to really good private system and low wait times, going public is guaranteed waiting list.
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Isn't it nice that a large part of the European economy consists of stuff helping people (the "state activities" you mention) vs. the large part of the US economy that consists of hurting people?
US creating top paying tech jobs for the working class and not taxing them to death so they can grow into a flourishing middles class is also helping people. >large part of the US economy that consists of hurting people Source? If you're talking about the defense sector then you should also know that the UK and France were several years in a row number 2 and 3 worldwide in arms sales, including to the Saudi regime.
This article is truly bizarre. The main point it makes is that the top 500 US companies grew faster than the top 500 European ones in the last decade or so. But then it quickly mention, without any further analysis, that both their GDP actually grew at a similar pace. So the entire EU economy grew at the same speed than the US one but not its 500 bigger companies. So all else being equals it means that the smaller US…
> the entire EU economy grew at the same speed than the US one but not its 500 bigger companies This is literally the article’s point. Europe and the U.S. grew similarly. The U.S. and China produced more large companies. (The Continent’s larger companies also being older than the other two’s.) > supposedly more investment in R&D Not supposedly, factually. The article explicitly states this. It’s the Economist; if you…
For the record, I don't know what Economist you've been reading, but the Economist I know is about as factually accurate as most media publications (that is, not particularly). Not to mention, even if this was an article written by an academic expert in the field, a source would be basic table stakes.
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Lack of national healthcare really puts a damper on free labor movement in the US. You want to start a company but also have health insurance for your family? That'll be $12,000 with a massive deductible... Gets in the way of a lot of would be entrepreneurs
The EU is no different with regards to movement. Just consider public health care in say Norway and in Bulgaria. Yeah it's financed indirectly by public funding but the quality can be terrible. In Croatia (where I'm from) you will regularly wait for 6+ months on life altering procedures and tests. And the public health system is in a constant crisis because of underfunding and overuse - just a few months ago drug sup…