Squeezing the Working Class
By VINCENT NAVARRO
Europe is seeing some of the largest demonstrations since World War II, with labor agitation being the major trademark. The reasons for this labor unrest are easy to see. Let’s look at several facts, starting with unemployment. Europe has always had lower unemployment than the United States. No longer. Since 1982, unemployment (as an average of the EU-15) has been higher in the European Union than in the United States. Actually, unemployment had already started to rise in Europe by the late 1970s, coinciding with the first steps by the EU-15 countries to construct what they later called the European Union. One consequence of forming this Union was higher unemployment, and from that time, unemployment has increased, eventually exceeding that in the United States.