Our economy is the envy of the world because of its flexibility and ability to adjust to market changes very quickly. This flexibility helps generate increased productivity and more output for every dollar of labor.
Since 1979, our productivity as a country has increased by an incredible 67%, even while over 40 million new jobs have been added.
One needs to only look at the rigidity built into the French and German systems to see the resulting lower productivity, less jobs created, and much lower GDP growth. Our company has benefited from European companies locating new manufacturing facilities in the U. S. as a result of this more protectionist behavior.
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