Earlier quoted context omitted.
I dispute the "better business results" claim, I don't think that's factually true. But let's assume it is, why then is wealth so much more concentrated[0] in the US? Let's assume that the US did have "better business results" and let's also assume that that is the result of worse working conditions. Why then are the workers, working in worse conditions, not benefiting from it directly? Seems like, if that were true,…
Workers are benefiting from it, at least financially. The median income in the U.S. is more than 20% higher than in Finland, adjusted for cost of living: https://economistsview.typepad.com/.a/6a00d83451b33869e20133... . (Note also that the American work-week is only about 7% longer than the Finish work-week.) That difference increases as you go into the upper middle class. But for the bottom 10%, which in the U.S. la…
The difference is useless in the U.S. as its eaten away but healthcare, college costs, and several other kind of expenses...
Not to mention the quality of life, infrastructure, etc those extra 20% get you (even if they weren't eaten away) is way worse...