One way of understanding the drifting apart of Europe & North America on hours worked is that the Europeans have made a choice to work less (even if it means overall less economic activity);
Or, that in America, due to private health care & inequality, workers cannot afford to work less (even if they want to)...
or, you can take the view that European economies are in decline due to a loss of incentives (so taxes must be reduced?)
take your pick... but of course it may be all three
Seems funny if the real source of decline is not enough debt, the stuff that generates people’s bank accounts, and not taxed, so the lion’s share is going to 1% of the population.
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