The experts consider job immobility as the greatest economic problem in Europe, the greatest danger for development. It was particularly the case of Germany in 2004: statistics show German growth decreasing in 2004. A French economist, Michel Camdessus, IMF director, explains this phenomenon of what he calls « work deficit » by a mismatch between jobs and available labor, it means that some sectors offer jobs, but the unemployed don’t take or can’t take these jobs. The IMF (International Monetary Fund) is an organization which lends money to countries with economic troubles. For example, the IMF helped Greece in their crisis; in return, Greece had to regulate its public spending.

In the conclusion of his article the journalist evokes Silicon Valley. Silicon Valley is so famous all around the world and so effective because of this « intellectual interchange » phenomenon according to the journalist: There are always new workers coming and others leaving, there’s always « new blood » (tens of thousands new workers every year!) People come to Silicon Valley, find a job, lose the job, go to another firm, other people take their place; it’s a virtuous circle.


 In my opinion, job immobility is not the only reason which could explain this work deficit in Europe. Today, people don’t want to do manual jobs so they don’t study for these, they are not competent. They prefer to work in an office because it’s less tiring than in construction or in a restaurant kitchen but these sectors need people! These jobs have a bad reputation, especially in France, and particularly in the French school system.
We could also say that the European workers are a little bit lazy they don’t want to work in some hard conditions jobs (night jobs, exterior jobs, tiring jobs…). European bosses are also more demanding (!!!) sot they ask their employees to be more and more effective.

Roméo & Martin