The article chooses to take a metric that you usually do not see much: GDP per employee and per hours worked, at purchasing power standards
The article chooses to take a metric that you usually do not see much: GDP per employee and per hours worked, at purchasing power standards
I don’t think the language barrier is that big of a deal. And more importantly I think the cultural value it provides us vastly outweights the economic benefit of a shared tongue.
I think one of the more urgent reforms that could help the EU prosper would be a common fiscal policy. We have the same tarifs on goods coming from abroad and most of us share the same currency, but countries are still offering varying tax rates. I think having an EU wide tax policy would help spreading the European branches of foreign companies more evenly. Though I reckon not everyone would like this (wink wink, Ireland).
EDIT: oh and also. I agree with your overall point, but using Lemmy as an example for “great innovation coming from the EU”…
It’s interesting because every US state has a different fiscal policy (Delaware being the well-known tax heaven for companies for instance), and it doesn’t seem to hinder them too much.
Oh do they? Never heard about that. Guess I’ve learnt something new. I wonder if it would be different for us, given how fewer big companies the EU has compared to the US.
I’m not familiar with the Delaware situation. Is it similar to Ireland’s, then?
https://en.wikipedia.org/wiki/Economy_of_the_Republic_of_Ireland
Yes, for instance their equivalent of VAT is state-based, some of them having 0: https://en.wikipedia.org/wiki/Sales_taxes_in_the_United_States
Delaware is indeed kind of similar to Ireland: https://www.investopedia.com/articles/personal-finance/092515/4-reasons-why-delaware-considered-tax-shelter.asp
Both are listed as tax heavens on that page: https://en.wikipedia.org/wiki/Tax_haven#Lists