Job Markets: Europe Doesn't Have Anything To Boast AboutGary S. Becker
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.
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