Many low skilled jobs have been substituted away for machines in Europe, or eliminated, much more so than in the US …, while technological progress at the quot;topquot;, i.e. at the high-tech sector, is faster in the US than in Europe. This … paper suggests that the main difference between Europe and the US in this respect is their different labor market policies …

Many low skilled jobs have been substituted away for machines in Europe, or eliminated, much more so than in the US …, while technological progress at the "top," i.e., at the high-tech sector, is faster in the US than in Europe. This paper … suggests that the main difference between Europe and the US in this respect is their different labor market policies. European …