Europeans defend their highly regulated and taxed labor markets by claiming that they produce less inequality in earnings than the more free market practices of the United States and the United Kingdom.
CHICAGO: Europeans defend their highly regulated and taxed labor markets by claiming that they produce less inequality in earnings than the more free market practices of the United States and the United Kingdom. They emphasize that, since the late 1970's, wage rates in America and Britain of the better educated and more skilled have risen sharply relative to those of other workers. By contrast, the skilled-unskilled wage gap of employed persons only increased modestly in Germany, France, and most other Western European countries.
CHICAGO: Europeans defend their highly regulated and taxed labor markets by claiming that they produce less inequality in earnings than the more free market practices of the United States and the United Kingdom. They emphasize that, since the late 1970's, wage rates in America and Britain of the better educated and more skilled have risen sharply relative to those of other workers. By contrast, the skilled-unskilled wage gap of employed persons only increased modestly in Germany, France, and most other Western European countries.