For more than a decade, organizations such as the IMF, OECD, ILO and even World Economic Forum have issued stern warnings that the global trend of increased inequality will harm growth, social cohesion and the business community. So, is Europe doing anything about it? No, and the real question is: Why not? One reason is […]
Greater Inequality Not Due To New Technology And Free Trade
A popular narrative today is that low-income groups in the western world have fallen behind owing to jobs lost to new machines and to low-paid jobs overseas. Political populists like Trump or Le Pen have happily exploited this frustration with nostalgic, nationalistic and anti-free trade messages. A new study shows that this narrative has little […]
Immigration Benefits Are Underestimated
Immigration seems to be a very good thing if you look at economic research, and not just in terms of benefits for public finances in the long run, but also for natives and even low-skilled natives. Fewer dirty jobs with better pay – who can say no to that? If this were a more common […]
The Tale Of Lazy Greeks
Angela Merkel proclaimed at an early stage that the Greeks could not retire earlier and have longer holidays than the Germans. Der Spiegel’s interpretation was: “We aren’t going to give our hard-earned German money to lazy southern Europeans.” Sweden’s Minister of Finance, Anders Borg, echoed this whilst on the way to an EU meeting: “Obviously, Swedes […]
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