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November 9, 2009

Why is America So Bad at Job Stimulus?

Derek Thompson, The Atlantic

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Nov 9 2009, 11:52 am by Derek Thompson

Europe's policymakers, in contrast, appear to have a more coherent strategy: one which uses government money to subsidise a shortened work week, cuts labour costs and, in a few cases, offers tax subsidies to support new jobs. The OECD says 22 out of 29 of its member countries have extended support for workers on furlough, and 16 have cut payroll taxes and other social contributions. The countries doing these sorts of things are disproportionately in continental Europe (see article).

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TAGGED: unemployment, Stimulus

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