There are millionaires and billionaires in Europe though, so clearly it is possible to have decent work-life balance and still support the excesses of a rich upper class, assuming that’s a requirement.
The amount of productivity lost because of paid leave is almost negligible, study after study has shown that people are less productive the more overworked they are. So staff with no time off work longer hours but are less productive for those hours, the end result is it pretty much equals out. If it didn’t, the US economy would be doing better then it is, €1 is $1.16.
There are millionaires and billionaires in Europe though, so clearly it is possible to have decent work-life balance and still support the excesses of a rich upper class, assuming that’s a requirement.
The amount of productivity lost because of paid leave is almost negligible, study after study has shown that people are less productive the more overworked they are. So staff with no time off work longer hours but are less productive for those hours, the end result is it pretty much equals out. If it didn’t, the US economy would be doing better then it is, €1 is $1.16.
The exchange rate isn’t really the best indicator of the economy because either side can print more or take excess money out of circulation.
Not that your other points are wrong or anything. Just wanted to point that little thing out.