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Europe faces ‘competitiveness crisis’ as US widens productivity gap [ft.com] (archive.ph)

submitted 8 months ago by [email protected] to c/[email protected]

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Original link https://www.ft.com/content/22089f01-8468-4905-8e36-fd35d2b2293e

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[–] [email protected] 1 points 8 months ago

No, that doesn't assume any of that. I don't even know why you would think that.

AFAIK, the Irish situation is because multi-nationals get to pretend that they make their profits there for tax purposes. On paper they produce stuff there and pay the low taxes. -> https://en.wikipedia.org/wiki/Base_erosion_and_profit_shifting

It's a known issue and has been for years. But you can see the problem. It's a complicated issue. People who might care aren't even able to get their heads around the very simple textbook definition of "productivity".