ABSTRACT
While Germans are fascinated by tremendous U.S. job growth during the last decades, Americans are equally captivated by income growth and social stability in Germany. In Europe the United States is often regarded as the example of the job-creating power of unfettered markets, whereas Germany is seen as an example of an overregulated economy and an especially overregulated labor market, both of which have prevented employment from growing. The suggestion to European politicians is to deregulate their economies and become like the U.S. but Americans themselves are worried about income stagnation and dispersion, about the trade deficit, health insurance coverage, and the instability of employment.
