Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.

The US economy is frequently compared to Japan in the early days of its lost decade, but here's one way it's way different: the US is a much worse place to be a worker.

As this chart from Deutsche Bank nicely illustrates, US unemployment took off like a rocket when the crisis hit. In Japan, it barely budged, just gradually getting slightly worse over the years.

There must be a mechanical reason for this.

by das monde on Tue Oct 12th, 2010 at 11:41:55 PM EST
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