Let's return to yesterday's topic of why Canada's economy is becoming similar to the economies of developed European countries.
In Germany, hourly labor productivity increased by only 12.2% in the last fifteen years, compared to 29.5% in the United States. One of the reasons for the growing gap is that job creation in Germany in recent years has been concentrated in public services, where it is more difficult to achieve an increase in productivity than in private business sectors.
Private businesses in European-style economies are increasingly suppressed, and this affects the rate of growth and the quality of the economy itself.
The same problem is increasing in Russia, where public investments (as in most countries of the world - low efficiency), new jobs in state companies and industries close to the state (from the defense sector to budget organizations) are becoming dominant.