Wednesday, July 07, 2004

The New York Times > World Business > Europe Reluctantly Deciding It Has Less Time for Time Off:: "Many Europeans now believe that shorter hours, once seen as a way of spreading work among more people, have done little to ease unemployment." This is an interesting article and a good development. Go here and here to learn about the amazing benefits of productivity from Virginia Postrel, where it is a myth that employment is more tight the more productive people are. No, a great deal of the money a corporation saves on anything goes back into the corporation in order to make it a better company.

Despite my own bit of schadenfreude to see the economies under-perform in nations that have blocked reasonable action in Iraq, it is always in my best interest for a neighbor's economy to improve. I hope this is a start.

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