Why do Germany and Holland have such a high standards?

Question

Why do Germany and Holland have such a high standards?

Answer 1

Because they're developed countries, but their governments are not  so good. Generally Europe is very crowded. Holland is much more crowded.

Answer 2

If you assume constant employment ratios and constant annual hours worked, then you see here the demographics kicking in. minutes. Certainly you can have a very high living standard, but then you really have to be very, very productive

But it's also the case that I think the attempts to preserve wage equality in Europe are inhibiting employment growth. And what we suggest is that you should allow the distribution of wages that employers pay to widen.

So you can't expect employers to pay a higher wage than a worker can generate in terms of output or marginal product, because if you do that worker is not going to get a job.

So by forcing excessive equality on what employers pay, you limit the number of jobs you have. You have minimum wage rates that are too high in some countries or contract wages that create too much equality.

Answer 3

All Europe and developed countries around the world have high standards.