WSJ: Differences Between Jobless Benefits In Europe and US

May 7, 2009 at 11:45 am  ·  Category: Business Culture and Current Events, Macro Economics, Politics

Fascinating article on the front page of today’s WSJ on the difference in jobless benefits and total wage tax burdens in Europe and the US: “US, Europe Are Ocean Apart On Human Toll Of Joblessness” (subscription required).

In Europe, wage related taxes are much higher – but they fund more substantial jobless benefits.



The article tells the stories of Albert Butt, who lost his German auto parts job, and Dylan DeRoberts who lost similar work  at a Chrysler assembly plant in Belvedere, Illinois.

Posted by Greg Feirman  ·  Trackback URL  ·  Link