Bleak jobs report in Europe

[Anonymous]

For those of us considering working abroad, think again

Mario Draghi, a former head of the European Central Bank and former prime minister of Italy, was tasked by the European Commission with producing a plan to revive European competitiveness. As the final Draghi report makes clear, the EU has been in deep economic trouble for some time now. At the turn of the century, the EU and US were on a relatively equal footing. But, on a per-capita basis, real disposable income in the EU has grown at only half the rate of the US since the year 2000. The US now massively outperforms the EU in advanced technology. Only four in the world’s top-50 tech firms are European. Almost a million manufacturing jobs were lost in the EU in the last four years alone. The EU can no longer afford to be complacent in the face of this ‘calamity’, Draghi warns.

https://www.spiked-online.com/2024/10/19/the-slow-implosion-of-the-eu-project/

[Anonymous]

Looks like a super reliable source

[Anonymous]

Europe has a huge problem with employment, reliable source or not, especially among young professionals. Situation is dire in Italy, Spain, Greece and other countries

[Anonymous]

Anonymous wrote:Europe has a huge problem with employment, reliable source or not, especially among young professionals. Situation is dire in Italy, Spain, Greece and other countries

The unemployment rate has actually improved a lot in Europe over the last decade. Still some way to go. Poor productivity growth is probably a bigger problem there now.

[Anonymous]

No crap.

Pretty much the whole Euro zone stinks. Even if you are employed, their salaries are absolute garbage. EU is example #2847281 of what happens when you have crazy high taxes, too much big government, and the people expect all sorts of free handouts from the govt. Everything is so mediocre to subpar. Hard workers are taxed to death and have zero motivation to improve productivity when the govt confiscates 70% of it. There's zero motivation to invent things and be an entrepreneur because there are so many insane labor and tax laws that crush most anyone from trying. That's why the EU punches so far below its weight class for innovation and new companies that generate wealth. Everyone there relies on the govt for a thoroughly lower middle class lifestyle.

Europe is joke. My spouse works for a multinational company that has a euro team they have to interact with. The biggest problem is that they never work in Europe. Half the team is on vacation for a month and half at a time. They go into the office late and leave early. Are only allowed to answer communications between certain hours, etc. It's such a joke 'work' environment. If you want a thoroughly mediocre life in which you must rely on the govt for everything while taking home a very low salary, sure Europe might be good for you. All those vacation days and lack of productivity come at a cost though.

[Anonymous]

Anonymous wrote:No crap.

Pretty much the whole Euro zone stinks. Even if you are employed, their salaries are absolute garbage. EU is example #2847281 of what happens when you have crazy high taxes, too much big government, and the people expect all sorts of free handouts from the govt. Everything is so mediocre to subpar. Hard workers are taxed to death and have zero motivation to improve productivity when the govt confiscates 70% of it. There's zero motivation to invent things and be an entrepreneur because there are so many insane labor and tax laws that crush most anyone from trying. That's why the EU punches so far below its weight class for innovation and new companies that generate wealth. Everyone there relies on the govt for a thoroughly lower middle class lifestyle.

Europe is joke. My spouse works for a multinational company that has a euro team they have to interact with. The biggest problem is that they never work in Europe. Half the team is on vacation for a month and half at a time. They go into the office late and leave early. Are only allowed to answer communications between certain hours, etc. It's such a joke 'work' environment. If you want a thoroughly mediocre life in which you must rely on the govt for everything while taking home a very low salary, sure Europe might be good for you. All those vacation days and lack of productivity come at a cost though.

Oh, how horrible it must be to get to go on vacation!

[Anonymous]

Anonymous wrote:

Anonymous wrote:No crap.

Pretty much the whole Euro zone stinks. Even if you are employed, their salaries are absolute garbage. EU is example #2847281 of what happens when you have crazy high taxes, too much big government, and the people expect all sorts of free handouts from the govt. Everything is so mediocre to subpar. Hard workers are taxed to death and have zero motivation to improve productivity when the govt confiscates 70% of it. There's zero motivation to invent things and be an entrepreneur because there are so many insane labor and tax laws that crush most anyone from trying. That's why the EU punches so far below its weight class for innovation and new companies that generate wealth. Everyone there relies on the govt for a thoroughly lower middle class lifestyle.

Europe is joke. My spouse works for a multinational company that has a euro team they have to interact with. The biggest problem is that they never work in Europe. Half the team is on vacation for a month and half at a time. They go into the office late and leave early. Are only allowed to answer communications between certain hours, etc. It's such a joke 'work' environment. If you want a thoroughly mediocre life in which you must rely on the govt for everything while taking home a very low salary, sure Europe might be good for you. All those vacation days and lack of productivity come at a cost though.

Oh, how horrible it must be to get to go on vacation!

Stop complaining about low salaries and lack of a growing economy then.

If you don't want to work then don't work. Don't come crying then they you aren't making any money because you're taking 30% of the year off and only working 40% effort when you do actually go into work.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:No crap.

Pretty much the whole Euro zone stinks. Even if you are employed, their salaries are absolute garbage. EU is example #2847281 of what happens when you have crazy high taxes, too much big government, and the people expect all sorts of free handouts from the govt. Everything is so mediocre to subpar. Hard workers are taxed to death and have zero motivation to improve productivity when the govt confiscates 70% of it. There's zero motivation to invent things and be an entrepreneur because there are so many insane labor and tax laws that crush most anyone from trying. That's why the EU punches so far below its weight class for innovation and new companies that generate wealth. Everyone there relies on the govt for a thoroughly lower middle class lifestyle.

Europe is joke. My spouse works for a multinational company that has a euro team they have to interact with. The biggest problem is that they never work in Europe. Half the team is on vacation for a month and half at a time. They go into the office late and leave early. Are only allowed to answer communications between certain hours, etc. It's such a joke 'work' environment. If you want a thoroughly mediocre life in which you must rely on the govt for everything while taking home a very low salary, sure Europe might be good for you. All those vacation days and lack of productivity come at a cost though.

Oh, how horrible it must be to get to go on vacation!

Stop complaining about low salaries and lack of a growing economy then.

If you don't want to work then don't work. Don't come crying then they you aren't making any money because you're taking 30% of the year off and only working 40% effort when you do actually go into work.

They may be growing slowly, but by almost every quality of life metric, they massively outperform the united states

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:No crap.

Pretty much the whole Euro zone stinks. Even if you are employed, their salaries are absolute garbage. EU is example #2847281 of what happens when you have crazy high taxes, too much big government, and the people expect all sorts of free handouts from the govt. Everything is so mediocre to subpar. Hard workers are taxed to death and have zero motivation to improve productivity when the govt confiscates 70% of it. There's zero motivation to invent things and be an entrepreneur because there are so many insane labor and tax laws that crush most anyone from trying. That's why the EU punches so far below its weight class for innovation and new companies that generate wealth. Everyone there relies on the govt for a thoroughly lower middle class lifestyle.

Europe is joke. My spouse works for a multinational company that has a euro team they have to interact with. The biggest problem is that they never work in Europe. Half the team is on vacation for a month and half at a time. They go into the office late and leave early. Are only allowed to answer communications between certain hours, etc. It's such a joke 'work' environment. If you want a thoroughly mediocre life in which you must rely on the govt for everything while taking home a very low salary, sure Europe might be good for you. All those vacation days and lack of productivity come at a cost though.

Oh, how horrible it must be to get to go on vacation!

Stop complaining about low salaries and lack of a growing economy then.

If you don't want to work then don't work. Don't come crying then they you aren't making any money because you're taking 30% of the year off and only working 40% effort when you do actually go into work.

They may be growing slowly, but by almost every quality of life metric, they massively outperform the united states

Then go move there. Don't complain about 50+% taxes, huge VAT, and very low salaries when you do.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:No crap.

Pretty much the whole Euro zone stinks. Even if you are employed, their salaries are absolute garbage. EU is example #2847281 of what happens when you have crazy high taxes, too much big government, and the people expect all sorts of free handouts from the govt. Everything is so mediocre to subpar. Hard workers are taxed to death and have zero motivation to improve productivity when the govt confiscates 70% of it. There's zero motivation to invent things and be an entrepreneur because there are so many insane labor and tax laws that crush most anyone from trying. That's why the EU punches so far below its weight class for innovation and new companies that generate wealth. Everyone there relies on the govt for a thoroughly lower middle class lifestyle.

Europe is joke. My spouse works for a multinational company that has a euro team they have to interact with. The biggest problem is that they never work in Europe. Half the team is on vacation for a month and half at a time. They go into the office late and leave early. Are only allowed to answer communications between certain hours, etc. It's such a joke 'work' environment. If you want a thoroughly mediocre life in which you must rely on the govt for everything while taking home a very low salary, sure Europe might be good for you. All those vacation days and lack of productivity come at a cost though.

Oh, how horrible it must be to get to go on vacation!

Stop complaining about low salaries and lack of a growing economy then.

If you don't want to work then don't work. Don't come crying then they you aren't making any money because you're taking 30% of the year off and only working 40% effort when you do actually go into work.

They may be growing slowly, but by almost every quality of life metric, they massively outperform the united states

Then go move there. Don't complain about 50+% taxes, huge VAT, and very low salaries when you do.

…are you confused? The only person complaining about those things is you. It was brought up in the same post that complained about people being on vacation too much.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:No crap.

Pretty much the whole Euro zone stinks. Even if you are employed, their salaries are absolute garbage. EU is example #2847281 of what happens when you have crazy high taxes, too much big government, and the people expect all sorts of free handouts from the govt. Everything is so mediocre to subpar. Hard workers are taxed to death and have zero motivation to improve productivity when the govt confiscates 70% of it. There's zero motivation to invent things and be an entrepreneur because there are so many insane labor and tax laws that crush most anyone from trying. That's why the EU punches so far below its weight class for innovation and new companies that generate wealth. Everyone there relies on the govt for a thoroughly lower middle class lifestyle.

Europe is joke. My spouse works for a multinational company that has a euro team they have to interact with. The biggest problem is that they never work in Europe. Half the team is on vacation for a month and half at a time. They go into the office late and leave early. Are only allowed to answer communications between certain hours, etc. It's such a joke 'work' environment. If you want a thoroughly mediocre life in which you must rely on the govt for everything while taking home a very low salary, sure Europe might be good for you. All those vacation days and lack of productivity come at a cost though.

Oh, how horrible it must be to get to go on vacation!

Stop complaining about low salaries and lack of a growing economy then.

If you don't want to work then don't work. Don't come crying then they you aren't making any money because you're taking 30% of the year off and only working 40% effort when you do actually go into work.

They may be growing slowly, but by almost every quality of life metric, they massively outperform the united states

Then go move there. Don't complain about 50+% taxes, huge VAT, and very low salaries when you do.

…are you confused? The only person complaining about those things is you. It was brought up in the same post that complained about people being on vacation too much.

IKR? Someone seems insecure.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:No crap.

Pretty much the whole Euro zone stinks. Even if you are employed, their salaries are absolute garbage. EU is example #2847281 of what happens when you have crazy high taxes, too much big government, and the people expect all sorts of free handouts from the govt. Everything is so mediocre to subpar. Hard workers are taxed to death and have zero motivation to improve productivity when the govt confiscates 70% of it. There's zero motivation to invent things and be an entrepreneur because there are so many insane labor and tax laws that crush most anyone from trying. That's why the EU punches so far below its weight class for innovation and new companies that generate wealth. Everyone there relies on the govt for a thoroughly lower middle class lifestyle.

Europe is joke. My spouse works for a multinational company that has a euro team they have to interact with. The biggest problem is that they never work in Europe. Half the team is on vacation for a month and half at a time. They go into the office late and leave early. Are only allowed to answer communications between certain hours, etc. It's such a joke 'work' environment. If you want a thoroughly mediocre life in which you must rely on the govt for everything while taking home a very low salary, sure Europe might be good for you. All those vacation days and lack of productivity come at a cost though.

Oh, how horrible it must be to get to go on vacation!

Stop complaining about low salaries and lack of a growing economy then.

If you don't want to work then don't work. Don't come crying then they you aren't making any money because you're taking 30% of the year off and only working 40% effort when you do actually go into work.

They may be growing slowly, but by almost every quality of life metric, they massively outperform the united states

So basically the top 5% have to clip their wings and then the lower 95% get more vacation time and work less but probably have about the same financial security as the 90% of Americans

[Anonymous]

Anonymous wrote:

Anonymous wrote:Europe has a huge problem with employment, reliable source or not, especially among young professionals. Situation is dire in Italy, Spain, Greece and other countries

The unemployment rate has actually improved a lot in Europe over the last decade. Still some way to go. Poor productivity growth is probably a bigger problem there now.

French person here. Yes. Also, please keep in mind, when you consider salaries, that healthcare is cheaper, daycare is subsidized, universities have free or low tuition, etc. So families can afford to have kids on much lower household incomes than here.

[Anonymous]

Anonymous wrote:No crap.

Pretty much the whole Euro zone stinks. Even if you are employed, their salaries are absolute garbage. EU is example #2847281 of what happens when you have crazy high taxes, too much big government, and the people expect all sorts of free handouts from the govt. Everything is so mediocre to subpar. Hard workers are taxed to death and have zero motivation to improve productivity when the govt confiscates 70% of it. There's zero motivation to invent things and be an entrepreneur because there are so many insane labor and tax laws that crush most anyone from trying. That's why the EU punches so far below its weight class for innovation and new companies that generate wealth. Everyone there relies on the govt for a thoroughly lower middle class lifestyle.

Europe is joke. My spouse works for a multinational company that has a euro team they have to interact with. The biggest problem is that they never work in Europe. Half the team is on vacation for a month and half at a time. They go into the office late and leave early. Are only allowed to answer communications between certain hours, etc. It's such a joke 'work' environment. If you want a thoroughly mediocre life in which you must rely on the govt for everything while taking home a very low salary, sure Europe might be good for you. All those vacation days and lack of productivity come at a cost though.

It's true salaries are crazy low. But you also need so much less to live on because you have low cost healthcare all the time, free childcare at 2.5yo, groceries are a lot cheaper, you have a more relaxed pace of life and can go anywhere in Europe for cheap on vacation. And yes, they don't work nearly as hard, which might suck for employers but is great for employees!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Europe has a huge problem with employment, reliable source or not, especially among young professionals. Situation is dire in Italy, Spain, Greece and other countries

The unemployment rate has actually improved a lot in Europe over the last decade. Still some way to go. Poor productivity growth is probably a bigger problem there now.

French person here. Yes. Also, please keep in mind, when you consider salaries, that healthcare is cheaper, daycare is subsidized, universities have free or low tuition, etc. So families can afford to have kids on much lower household incomes than here.

Don't forget the pension system. Nobody has to save for retirement. That's huge. You also don't need a car in many places.

Think of your most recent paystub and subtract all that you pay into for healthcare, retirement. Subtract the cost of daycare, 529s, school tuition bills, the total cost of your car. What is your actual salary in that case?