Which is why the talented tenth tends to decamp to Anglo Saxon economies where their skills are valued more. Not that our Lord and Savior isn't trying to drive them off, to be replaced by unskilled campesinos who will vote as they're told. Hatip Marginal Revolution
Intriguingly, returns to skills are systematically lower in countries with higher union density, stricter employment protection, and larger public-sector shares.
That is from Eric A. Hanushek, Guido Schwerdt, Simon Wiederhold, and Ludger Woessmann, the NBER paper is here. There is an ungated OECD version here.- See more at: http://marginalrevolution.com/#sthash.LlVlljaV.dpuf
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