[walden]

I disagree-- many countries in Europe have persistent unemployment rates around 10%. That's pretty bad. And, it's an indicator that the tax burden of hiring additional employees just isn't economic.

[buwaya]

Of course - most European economies are stagnant, as a result of this problem. But European unemployment rates are not all the result of their social insurance systems, but mainly of their rigid labor markets. A separate problem, which hopefully will not affect the US.