Utopia, you are standing in it!

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

There are a wide differences across the OECD in mandatory severance pay in the event of a layoff. Source: Labor Market Regulation – Doing Business – World Bank Group. Severance pay makes it more expensive to fire and therefore more expensive to hire. This means fewer job vacancies will be created but they will last …

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New Zealand has signed and ratified dozens of International Labour Organisation Conventions dating back to 1921. They all fetter the sovereignty of New Zealand. As a member of the ILO, New Zealand is required to report on its application of ILO Conventions. That limitation on the sovereignty of New Zealand is no more and no …

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https://twitter.com/KiwiLiveNews/status/688503382181449728 My search for an example of how Danish flexicurity might have an advantage over the status quo in the New Zealand labour market is still to yield results. Danish flexicurity is no better than New Zealand and often worse in keeping long-term male unemployment rates down as the charts below show. The flexicurity model …

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[Tweet https://twitter.com/KiwiLiveNews/status/688503382181449728 ] Denmark is all the go in the New Zealand Labour Party as a model for labour market flexibility despite the fact that it is much more heavily regulated than either New Zealand or the USA. Source: OECD Indicators of Employment Protection – OECD.

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https://twitter.com/DavidLeyonhjelm/status/644022781634449408 @DavidLeyonhjelm not so radical in federal state. Unfair dismissal laws more important regulation than union lawshttp://t.co/tyn0Db84KY — Jim Rose (@JimRose69872629) September 16, 2015

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More than 15% of unemployed Europeans haven’t had a job for more than four years econ.st/1ghznmr http://t.co/NlLXnKPYRG— The Economist (@TheEconomist) August 10, 2015

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The boom that preceded the bust in the Greek economy did nothing for the rate of long-term unemployment among Greeks. Long-term unemployment had been pretty stable prior to the economic boom after joining the euro currency union. Source: OECD StatExtract. Nothing much happened to long-term unemployment in Italy or Portugal in recent decades. Spanish long-term …

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Unemployment of more than a year was slowly tapering down in Italy before the global financial crisis, but ever so slowly. Source: OECD StatExtract.

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Nothing really changes in France recently unemployment duration. Italian labour market is notorious for having very low inflows and outflows from employment and unemployment. Source: OECD StatExtract.

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77% more long-term unemployed people than before the crisis – We need them back in work! bit.ly/1JTTzYm #Jobs http://t.co/EFRGclFVms— OECD Social (@OECD_Social) July 10, 2015 HT: IMF

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The chart below shows that New Zealand is far more flexible than Western Europe and is pretty near the USA in terms of people moving in and out of the unemployment pool every month with great ease. There are very high outflow rates from unemployment among the Anglo-Saxon and Nordic economies. The economies of Continental …

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PA Pundits - International

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