Data shown by the always challenging Martin Wolf of the FT show that the strongest countries report fewer hours worked per worker per year.
Why? There is no causality, of course. These data may suggest workers have to work harder to reach a satisfactory level of income in countries poorly managed.
For instance, workers in Germany work much less than those in Greece or Italy and still have a higher standard of living.
The answer is productivity.
George Dagnino, PhD Editor,
The Peter Dag Portfolio.
2009 Market Timer of the Year by Timer Digest
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