Labour productivity lagging in NL
24 April 2007, THE HAGUE – Prosperity in the Netherlands is not only lagging behind that of the US because we work fewer hours per year, but also because we earn far less per hour worked.
24 April 2007
THE HAGUE – Prosperity in the Netherlands is not only lagging behind that of the US because we work fewer hours per year, but also because we earn far less per hour worked.
Labour productivity in the Netherlands is higher than that of other European countries, but it is growing faster elsewhere. This is contained in a report from research bureau McKinsey that was presented to State secretary for Economic Affairs Frank Heemskerk.
The gross national product divided by every hour worked in the US comes to about EUR 39, compared to EUR 33 in the Netherlands. The difference is primarily due to the fact that the US has more work in sectors with high labour productivity, like the computer and microchip industry and financial services.
We are closely followed in Europe by France (EUR 32) and Sweden (EUR 31), and productivity in Sweden, the UK and Germany is growing faster than in the Netherlands.
State secretary Heemskerk thinks it important that the yields per hour worked in the Netherlands increase and said he wanted to make use of the information in the report to take advantage of "growth opportunities that have not been realised."
The retail industry, for instance, which in terms of labour productivity is lagging far behind the US, is greatly disadvantaged in the Netherlands by the volume of zoning regulations here. Large supermarkets like those in the US are not permitted here.
Heemskerk warned that we mustn't foster the illusion that a densely populated country like the Netherlands will ever be able to operate without those sorts of regulations however.
[Copyright Expatica News + ANP 2007]
Subject: Dutch news