Jul 11, 2015 12:00
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In turn:
1. The lack of a sufficiently educated, trained and skilled workforce.
Because Americans are famously highly educated?
2. Infrastructure - Britain is notoriously slow to approve major infrastructure projects, such as HS2 and airport expansion, whereas our international rivals are much more decisive in giving the green light.
I'd like to see figures on this, but I'd be amazed if a few extra runways are causing issues. I do think the astonishingly high price of rail fares, not mentioned here, probably does have an impact.
3. Low wages - the higher workers are paid, the harder they work.
Higher wages are a good thing, and this makes sense, but again, it's not like America is a bastion of fair pay.
4. Regulation - The more rules that have to be followed before production, the lower the output of the workforce.O hai: Germany exists. Also, I've been astonished by how bureaucratic the ( ... )
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