America Is Beating Europe
America needs more rules to protect workers, say some from both parties.
Sen. Josh Hawley (R–Mo.) wants more rules empowering unions.
Former President Barack Obama’s Labor Secretary says there’s “no fairness, no equity, no concern for safety, no concern for children, even!”
European countries, they say, have more laws protecting workers, and so “Europe is better.”
That’s nonsense, says economist Sven Larson in my new video. He grew up in Sweden, but now says, “If you’re a worker, you don’t want to live in Sweden!”
One reason is that unemployment is 10 percent.
“If you get fired,” says Larson, “there’s no job out there for you.”
Years ago, America’s economy grew neck and neck with that of the European Union (E.U.). Then, about 15 years ago, Europe stopped growing.
Today, the USA is 50 percent richer—even though the E.U. has 100 million more people.
Europe is kind of like a big museum. Tourist money keeps it going, but there’s so little growth that, per person, America’s poorest state (Mississippi) is now richer than most European countries.
The reason is the very same policies ignorant Americans want to copy—like higher taxes on the rich.
“But what do you do when you run out of the rich?” asks Larson. “Tax the almost
Article from Reason.com
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