Job Markets: Europe Doesn't Have Anything To Boast About

Europeans have defended their highly regulated and overtaxed labor markets by claiming that they produce less inequality in wages than the more free-market practices in the U.S. and Britain. They emphasize that since the late 1970s, salary rates in America and Britain for the better-educated and more skilled have climbed sharply relative to those of other workers. By contrast, the skilled-unskilled wage disparity only increased modestly in Germany, France, and most other Western European countries.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.