THEY KNOW THE WORDS, but they don’t quite have the tune.
The Europeans are worried about the productivity gap. Their studies show that America leaves them in the dust when it comes to producing goods and services efficiently. Since the only way a nation can increase the welfare of its citizens is to have each worker produce more, this productivity gap is worrisome. After all, what good European wants to contemplate a future in which the gap between U.S. and E.U. living standards progressively widens?
Recommended Stories
Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.