>I assume that's because employment is not the only component of
>working-class well-being, rather than because employment has nothing to do
>with well-being. I wish I had a job.
>
>What are the reasons why European workers as a class are better off than
>US workers? Can those other components of well-being be meaningfully
>combined with employment to give a better picture?
Relatively higher wages (and in some countries, absolutely higher wages), better benefits, more leisure, a more generous welfare state, less risk of job loss (though not that much less).
Doug