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by zhdc1
2376 days ago
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Agglomeration dynamics, a great higher education system, 300M+ people who share the same language, and a common market go a long way. Cheap finance and government support (defense spending) also help. If you want to attribute America's economic advantage to hours worked or labor regulations (and yes, they do matter to an extent), you have to be ready to explain why Russia, Mexico, Greece, and Chile aren't also economic powerhouses. Source: https://data.oecd.org/emp/hours-worked.htm |
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