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work hours in Europe and the US


The Wall Street Journal today compares the environment for employees in Europe and the US (e.g., number of maximum work hours per week, vacation time, sick time, etc) and arrives at the conclusion that Europe grows less than the US simply because people are working less, because of the new laws.

I don't think this is the whole story, but I agree that this is certainly an issue. All things being equal for a particular company or industry, whoever can produce more with a similar number of employees is going to win.

However, one could say that the people in Europe will have better quality of life, because they are more relaxed. But then, if that more relaxed quality of life results in higher unemployment, lower economic growth and eventually lower quality of life, what's the right answer?

Categories: personal
Posted by diego on August 8 2002 at 10:04 AM

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