Article

2005-09-24 Europe

Polish right heads for election landslide

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Posted by Steve White 2005-09-24 00:51|| || Front Page|| [9 views since 2007-05-07] Top

#1 18% official unemployment, but where barely half the workforce has a job

That's because companies in Poland cannot afford to hire employees. The cost of hiring one employee is double the employee's wage, after factoring in insurance payments and so on. Barriers to entry are extremely high for new companies, in addition to labor costs. I haven't seen anyone address these problems, in Poland or Europe for that matter. But people still expect wondrous changes when a new government takes over. That goes for Germany as well.

...something about doing the same thing over and over but expecting a different result each time. Are there no Chicago-educated economists in Europe? Surely we can rent them a few... Rock bottom rates too...

Posted by Rafael 2005-09-24 01:38|| 2005-09-24 01:38|| Front Page Top

#2 Well, if they dump the German-French model of social stagnation, bring in a flat-tax, private health care and increase privatisation, then those unemployment figures are certainly going to come down.

Al-Grauniad doesn't seem to happy about it, do they?

Posted by Tony (UK) 2005-09-24 06:03|| 2005-09-24 06:03|| Front Page Top

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