Subject:
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Re: Massive Layoffs At Lego (in Enfield, CT)
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Newsgroups:
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lugnet.off-topic.debate
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Date:
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Sat, 24 Jun 2006 00:30:40 GMT
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Viewed:
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3228 times
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This recent article on Sweden seemed relevant, though Denmark is compared
somewhat favorably, I still wonder about the jobs numbers.
http://tinyurl.com/h48je
Quotes:
Sweden retained the world’s highest taxes, generous social security systems and
a heavily regulated labor market, which split the economy: Sweden is very good
at producing goods, but not at producing jobs.... Economic growth in Sweden in
the last 25 years has had no correlation at all with labor-market participation.
(In contrast, 1 percent of growth increases the number of jobs by 0.25 percent
in Denmark, 0.5 percent in the United States and 0.6 percent in Spain.)
Amazingly, not a single net job has been created in the private sector in Sweden
since 1950.
...
Johan Norberg is a Swedish writer and a senior fellow at the Centre for the New
Europe, a Brussels-based think-tank. He is the author of several books,
including In Defense of Global Capitalism (2003).
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Message is in Reply To:
 | | Re: Massive Layoffs At Lego (in Enfield, CT)
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| (...) I'm sick to death of this equation of manufacturing in poor countries being eqivalent to slavery/evil/whatever. It is quite possible for a company to employ people at a good local income in a country where the cost of living is lower and still (...) (18 years ago, 23-Jun-06, to lugnet.off-topic.debate, FTX)
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