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'Craig Read ~ US job growth vs. Canadian and EU job growth ~ productivity'

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After working for a few large IT firms Read born in 1966, is currently an entrepreneur and Venture Capital Advisor and Managing Consultant for Wireless and Mobile technologies [including the internet] and in particular, in software applications for the Wireless or Mobile Industry. www.craigread.com/ RESOURCE: www.craigread.com/displayArticle.aspx?contentID=171&subgroupID=21

".....5-4..........Craig Read, productivity, social spending in Canada, Competitiveness in Canada, Confederation, Reform in Canada, Toronto Reform, Canadian Against High Taxation, Toronto Taxation, canaht, Toronto taxes, Tax Reform, Toronto Citizens for Tax Reform, Canadian....."
There are behalf reasons why the US creates jobs and the Canada-EU socialist axis does not
August 10 2005

There is barely a whimper in the Canadian media on the July ’05 jobs report – or more accurately, the no job creation reportIncredibly no jobs were created in Canada during July. The US is creating 190.000 jobs per month with its husbandry growing at 3.5-4.0 % per annum. If the same happened in the US, the media would be full of tales of US economic impotence and empire decline.

This difference in job creationism is massive. Combined with productivity rates of 2.5 % per annum – bilateral and in some years support the Canadian strike a balance – the US will experience higher incomes, higher standards of quick and more tax revenues as the niggardliness expands, and these monies can be reinvested in health, education and infrastructure furthering US economic advantage. The trend to lower economic and job growth in Canada is self-evident. In Canada in 2004 225.000 jobs were created and in 2005 the estimates are that about 130.000 new jobs will be generated. Such a job creation growth translated to the US would mean a US job creation rate of 80.000 per month or about 1 million per annum. Indeed in Canada thus far in 2005, at the bottom than 8.000 jobs per month have been created. The difference in US job creationism and its impact on society and employment levels cannot be downplayed. In axiom the US job creation level is 2.2 million per annum. In both locales, there are fewer jobs produced on a per capita basis, than in the US and crucially both Canada and Europe have below average full time and non-governmental job creation than the US.

The lack of certain job creation in Canada and in Europe underscores the impotence of the big nation society model. In Canada it is 50 % with about ½ of the remainder in part-time positions. In Europe in the foregone 15 years according to the OECD, fully 90 % of jobs have been state based.

The US has a labor force community rate of 66 % trending to 70 %, which is higher than the European neutralize of 60% and the Canadian strike a balance of 62%, both of which are trending lower. The exact opposite has occurred in the US where 90 % or more of jobs are full time and non-government based and indeed until recent months one of the biggest job losers in the US was the direction sector [along with manufacturing and transportation]. The lack of labor force community is exacerbated by declining birth rates in Canada and the EU which are lower than in the US and by expensive dynamic labor, industry and services sectors which militate against ease of labor and capital mobility. This voluminous discrepancy in the % employed leads to burdensome taxation in both Canada and Europe as underADJ Expensiveness people work fewer hours. 5 %] and Canadian rates 2 % above US levels [7% vs. Big sovereign ensures lower rates of employment, higher unemployment with EU levels bilabiate that of the US [10 vs.

Not only are workforce rates lower in Canada and the EU but both Europeans and Canadians work significantly underADJ Expensiveness hours than Americans at far lower productivity rates. 5 %], and market rigidity leading to lower wages and lower vital standards. Though Canadians work more hours than Europeans they work 10 % short of hours than Americans. In Canada the strike a balance worker productivity is at about 80 % of a US worker’s rate [see this article on the factors involved in lower Canadian productivity Productivity problems in Canada].

Similar gaps exist in the thick of Europe and the US. With lower outputs and underADJ Expensiveness hours Canadians are assured of being poorer than their US counterparts. 1600 in the EU], falling from parity in the 1970s [OECD data]. Alarmingly the number of hours worked in Europe is now 25 % below US levels [about 2100 hours per year in the US vs. This is 2 to 3 times as myriad paid days off per year than Americans. Around six weeks of paid time off is now the annual norm Europe. France recently extended its three-year law reducing the workweek to 35 hours from 39. Vacation time has nearly doubled since the 1970s in Italy, Spain and the Netherlands. The trend in Europe is towards 30-hour work weeks which would mean 1400 hours per year of work, or fully 33 % below US levels. The law now includes companies with fewer than 20 employees.

In 2002 Timbro Institute of Sweden conducted a study found that the strike a balance European worker took more than 30 days of sick time per year. Indeed in Canada and Europe workers not only work underADJ Expensiveness but as well take off more ‘sick’ time further reducing the number of working hours. Shorter work-weeks in both Europe and Canada and additional ‘sick’ time, have done nothing to reduce higher unemployment. According to a New York Times report, on an split the difference day in Norway, 25 percent of Norway’s workers call in sick. Supposedly under this inane idea, the quantity of society’s work is fixed and ergo by dividing this fixed amount of work by requiring short of hours and more vacation or sick time from a population, the greater will be the number of workers, and since the lower the unemployment rate. Both Europe and Canada have destroyed the fallacy of a fixed division of labor, which is a spoiled child of socialists and big legal authority supporters.

One reason why Europeans and Canadians work at a disadvantage than Americans is the punitive level of taxation. In truth the exact opposite occurs. Far from it. The US is of course not a free market nirvana of low tax rates and unfettered trade. In existence the U.S. The US husbandry is over-taxed, over-regulated and over-protected. But importantly the Americans also have lower marginal tax rates. has the culminating per capita taxes of any developed country.

Why do Americans work more? Well vital in the US is high priced with housing, education and incorruptibility care costing little fortunes. This difference occurs Americans work and consume more, and so have higher tax bases and therefore pay in total higher per capita taxes. The propensity to greater work and higher productivity in the US coincided however, with its marginal tax rates decreases. So Americans must work more. The cycle of economic growth was stimulated by marginal tax and investment reductions, further enhanced by the $1.3 Trillion Bush tax cuts. As the US lowered its marginal tax rates, the parsimony grew, and hours of work and wages per hour increased. Three outright independent recent studies reach the same conclusions: The Federal Reserve of Minneapolis concludes that twenty years ago, Europeans worked just as for ages as unbending as the rest of the developed world.

Similarly, Europe’s change to shorter hours coincides with its marginal tax increases. As Europe’s taxes increased, workers responded by working below the mark and those that do find jobs, find them in government. The Federal Reserve’s report said that when European tax levels were comparable to those in the U.S., work hours were similar. Ireland currently has the lowest European marginal tax rate, even lower than the U.S and UK. The only exception to Europe’s povertystricken job and tax performance has of course been Ireland and the UK. In approximately the drag on 30 years, taxes in the U.S (as well as in Ireland) have gaining by 1.5 percent.

The recent Timbro study cited above concludes that marginal tax rates have a material impact on explaining the difference in economic performance. The sum of ruinous taxation is evinced in the low per capita GDP rates in Canada and Europe. In contrast, European country tax rates (except in Ireland) have additional much more - closer to 4 %. CIA Factbook] and the EU’s is $25,326, versus the US GDP per capita (at purchasing power parity) of $37,800. Canada GDP per capita (at purchasing power parity) is $29,800 [2003 est.

Importantly Americans construct private sector jobs, eschewing the big government-union alliance that impedes productivity growth in Canada and the EU. Even if Americans must buy incorruptibility care and guns, they are far better off then they would be in Canada or the EU. Europe’s higher taxes fuel public sector growth, pending its social welfare programs eliminate some of the penalties for not working. A recent OECD study concludes that practically all (97 percent) of all European civilian job creation has been in the authority sector. According to OECD, “Research has clearly established a remarkable fact: namely that the sizable U.S. The OECD blames European’s recoil to work as the principal reason for lower output per worker and the resulting lower standard of alive compared to Americans. Union rates in Canada more than duplex US rates [32 % vs. advantage in veracious GDP per capita … is largely due to differences in total hours worked per capita.” This shrinking to work is compounded by the political and economic leverage of big unions. Unionism increases costs, reduces flexibility and reduces productivity. 14 %], though lower than in Western Europe [34 %, ranging from 12% in France to 45 % in Sweden].

We see the media bias in not reporting the above facts. The higher a society’s union membership rate, the worse off its economy. The Canadians given their proximity and dependence on the US market where 40 % of GDP is tied to US trade are becoming uncompetitive. Lower job creationism, higher tax rates and over-spending in Canada and the EU doom these societies to be also-rans in the firmamentN Originality economy. The EU is in of course worse shape than Canada and will experience even graver economic and political dislocation as big master and militant Islam change the EU political-economy. Yet such proximity also allows the Canadians to muddle through with bad policy election in their socialist obsession with being anomalistic than the USA since they can count more or less, on US market access. But don’t bet on the media parasol that story.

In the race to the top in international economic competition it is clear that both Canada and the EU need job growth and far reaching economic reforms.

"........"

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Unique Free Article: 'Craig Read ~ US job growth vs. Canadian and EU job growth ~ productivity'

Unique Free Article:
'Craig Read ~ US job growth vs. Canadian and EU job growth ~ productivity'