Europe doesn't have a labor shortage like the US. It's all about the different ways governments paid people not to work.
like the lack of childcare and poor pay bubbled up to the surface amidst a historical pandemic.
Recent research from economists at MIT, the University of Cologne, the London School of Economics, and the University of California, Berkeleythat low-wage workers in Germany underestimate how much money they could make elsewhere. If workers accurately knew what they could make, 10 to 17% of low-wage jobs in Germany wouldn't be viable at their current wages, because workers would either quit or ask for raises.
"One way to read the current economy is that perhaps a lot of workers that used to be stuck in low wage jobs realize that there might be other jobs out there — that are paying potentially more," Benjamin Schoefer, an economist at UC Berkeley and one of the paper's authors, previously told Insider. That paper looks at Germany, but Schoefer said there are many shared commonalities between the American and German economies so"we could reasonably extrapolate" similar insights could apply to the US's low-wage workforce in normal times.
"The US relied on unemployment insurance and having people leave their original job during COVID, so there was perhaps much more turnover," Schoefer said."Whereas in countries like Germany during COVID, people stayed in their job and the government subsidized the payroll of employers. So in the US, you might have seen much more turnover and much more reorganization experimentation — which might explain why quits are now high in the US.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Biden to deploy more US troops to Europe in response to rising Russia-Ukraine tensions | LIVEBREAKING; President Joe Biden is sending troops to Poland, Germany and Romania amid stalled talks with Russia over its military buildup at Ukraine's borders.
Lire la suite »
2,000 U.S. troops stationed in North Carolina packing bags for deployment to EuropePresident Joe Biden is also sending part of an infantry Stryker squadron of about 1,000 troops based in Germany to Romania, according to an unnamed official.
Lire la suite »
U.S. Sending 3,000 Troops to Eastern Europe ‘Within Days’“I want to be very clear about something: these are not permanent moves...Moreover, these forces are not going to fight in Ukraine. They are going to ensure the robust defense of our NATO allies,” Pentagon spokesperson John Kirby said
Lire la suite »
U.S. to deploy 3,000 troops to Eastern Europe amid Russia threat to UkraineThe troops are headed to Romania and Poland, and also to Germany. The Pentagon has warned that Russia could invade Ukraine at any time.
Lire la suite »
US approves sending troops to Eastern Europe in coming daysPresident Biden is set to send US troops to eastern Europe and has put thousands on alert for deployment if needed in the standoff between Russia and Ukraine.
Lire la suite »
Europe remains top destination for U.S. LNG for second month runningEurope last month remained the top destination for shipments of U.S. liquefied natural gas (LNG), according to Refinitiv data, outpacing exports to Asia for the second month in a row.
Lire la suite »