Monday, June 28, 2010

Screwy Employment Policy

Did you realize that only 40% of the German population is employed? it's like the liberal dream... strong welfare state protections, low employment, low dynamism and growth (and less resultant 'unrest', though also less resultant technology and innovation). If they weren't able to use the Euro to strongarm other countries into financing a trade surplus, though, they'd be so screwed...
Hat tip on the statistic to Tyler Cowen, who also translated the German.

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