Friday 19 January 2018

Brendan Keenan: Secret of Scandinavian model

Nordic countries create jobs through taxes and reform -- an approach that our politicians balk at

THE saddest story I have heard since the curse of emigration returned concerned a young man at the barbers who was heading for Australia. When asked what he felt about it, he just began to weep.

Not surprisingly, jobs are central to the election campaign. Ireland has form where unemployment is concerned, but it is easy to forget how difficult it has been for advanced economies, especially in Europe, to provide jobs.

There is a wide difference, with high participation rates and low unemployment in the Nordic countries most of the time -- and the opposite in Mediterranean countries almost all of the time.

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