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I don't have numbers at hand to back this up, but I am pretty sure that Europeans are increasing their productivity each year faster than Americans are, despite these laws.
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That's not true.
http://bigpicture.typepad.com/commen...uropean_p.html
Of course, that only matters if you find productivity rates to be of particular importance (they're not).
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How are productivity rates not particularly important? Increasing productivity is the best indicator of an increase in standard of living in a market economy.