Job Market Monitor
Welfare State
Denmark / The Danish record offers no support for the social-spending-hurts-growth position
Danes are neither lazy nor poor. Despite high marginal tax rates (or perhaps because of them) they are about as rich, on average, as Americans are. The World Bank estimates that gross domestic product per capita in Denmark for the 2008-12 period at $59,889, compared with $48,112 for the United States. Adjusted for differences in … Continue reading
US / Politics / The Obama ‘recovery’: more dependence
A strange and disturbing new social pattern is unfolding before our eyes in America today: growing dependence on government handouts in the face of declining unemployment rates. Though we are now preparing to enter into the fourth year of recovery from our Great Recession, the roster of Americans seeking and obtaining entitlement benefits from our … Continue reading
Beveridge principle bites the dust writes Public Finance
The Report of the Inter-Departmental Committee on Social Insurance and Allied Services, known commonly as the Beveridge Report was an influential document in the founding of the Welfare Statein the United Kingdom. It was chaired by William Beveridge, an economist, who identified five “Giant Evils” in society: squalor, ignorance, want, idleness and disease, and went on to propose widespread reform to the … Continue reading
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