There are shades of grey. Large institutions should fall back on other means (reduced hours, pay cuts, comfortable severance, longer heads-up for firing) before resorting to overnight-mass-layoffs.
> why the U.S. economy has grown so much faster than the EU
Again, shades of grey.
The economy is a means to an end. If economic growth leads to worse life-outcomes for the populace, when what's the point of having a 'powerful economy'. Now, govt. policies shouldn't knee cap the economy. But, let's not tunnel vision on it as the sole indicator of development.
In my experience, Europeans with a $80k wage live better lives than American tech workers on $300k. To put in concrete light : most American tech workers get 14 days of vacation a year. All that work and all that money, and you only get to enjoy 2 weeks a year in the world's richest country ? That's pathetic.
There are shades of grey. Large institutions should fall back on other means (reduced hours, pay cuts, comfortable severance, longer heads-up for firing) before resorting to overnight-mass-layoffs.
> why the U.S. economy has grown so much faster than the EU
Again, shades of grey.
The economy is a means to an end. If economic growth leads to worse life-outcomes for the populace, when what's the point of having a 'powerful economy'. Now, govt. policies shouldn't knee cap the economy. But, let's not tunnel vision on it as the sole indicator of development.
In my experience, Europeans with a $80k wage live better lives than American tech workers on $300k. To put in concrete light : most American tech workers get 14 days of vacation a year. All that work and all that money, and you only get to enjoy 2 weeks a year in the world's richest country ? That's pathetic.