interesting - I did not realise half of this bylinesnetwork.substack.com/p/decline-wh...
12 reposts84 likes
interesting - I did not realise half of this bylinesnetwork.substack.com/p/decline-wh...
12 reposts84 likes
Also highly recommended short thread and follow recommendation in this context ->
But why is US GDP per capita higher if labor productivity is the same as in Germany? The answer is: Americans are working much, much more. German workers are putting in 1350 hours per year, American workers: 1800... That is 33% more! That's pretty much the whole secret.
Related ->
EU & Ukraine are winning the war almost on their own. Russia is weak. Add UK & we should be fine. R is not USSR, but for most E dipl & govs, they have a wrong perception of R military strength, unlike Sikorsky. This then leads to the wrong assumption that US is needed for security gurantees later
Interestingly when you exclude farm work, there is a 27% difference in productivity between the Eurozone and the US www.ft.com/content/2208...