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JH,
The government costs jobs because of what is called structural unemployment. Purely speaking, every single labor law and every single government job creates a degree of structural unemployment.
Much of this is good and necessary. We need to employ people to run the government. We need labor laws to keep from returning to the early Industrial era.
But it comes at the cost of labor flexibility. There is a balance; a trade-off. Most Western European countries, especially Germany, have traded a lot more "free market" caused unemployment for structural unemployment. This keeps people happier for a long time, but causes exaggerated economic strife during times of painful restructuring. So they suffer a lot of pain every few decades, we suffer constant pain but at a lower level.
The US has much less real unemployment than Germany. Their counter would be that the US has more underemployment, and that this is not any better. I don't have an opinion other than pointing to the US' dramatically more flexible labor, business, and market environment. It is this which will probably save us from the coming demographic crunch (by save us I mean the US won't fundamentally be changed politically by it), whereas Germany et. al. will likely be barely recognizable after they swallow the demographic pill -- probably a function of poorly planned, unwanted but necessary immigration. This is already ripping parts of France apart.
As to my politics: I am "into" politics the same way Teddy Roosevelt was.
This is already ripping parts of France apart.
France is always being ripped apart, it's what they do best. They love it.
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DinOR said:
Also:
Robert Coté said:
Anyone else have a few gems to share?
HARM
#housing