Monday, December 26, 2011

Must read: The competitiveness debate

Today's letter from Charles T Queen decrying our self-defeating ideas about competitiveness has drawn the predictable lashes from our local economic dunderheads. I happened across an article on the wonderful site Remapping Debate addressing a big question that's been hiding in plain sight of our punditocracy for years: how do German carmakers maintain  high profits and high output with high wages and good conditions for workers? If you've bought into the idea that we have no choice but to race to the bottom, the answers may surprise you: A Tale of Two Systems.

No comments: