The EU has outperformed the US on per-capita output growth; in terms of output per hour worked, some EU countries are as productive as the US

The article chooses to take a metric that you usually do not see much: GDP per employee and per hours worked, at purchasing power standards

  • Nerd02@lemmy.basedcount.comEnglish
    5·
    10 months ago

    I don’t think the language barrier is that big of a deal. And more importantly I think the cultural value it provides us vastly outweights the economic benefit of a shared tongue.

    I think one of the more urgent reforms that could help the EU prosper would be a common fiscal policy. We have the same tarifs on goods coming from abroad and most of us share the same currency, but countries are still offering varying tax rates. I think having an EU wide tax policy would help spreading the European branches of foreign companies more evenly. Though I reckon not everyone would like this (wink wink, Ireland).

    EDIT: oh and also. I agree with your overall point, but using Lemmy as an example for “great innovation coming from the EU”… KEKW

    • BlazeOPEnglish
      4·
      10 months ago

      I think one of the more urgent reforms that could help the EU prosper would be a common fiscal policy. We have the same tarifs on goods coming from abroad and most of us share the same currency, but countries are still offering varying tax rates. I think having an EU wide tax policy would help spreading the European branches of foreign companies more evenly. Though I reckon not everyone would like this (wink wink, Ireland).

      It’s interesting because every US state has a different fiscal policy (Delaware being the well-known tax heaven for companies for instance), and it doesn’t seem to hinder them too much.