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The Economist published an article highlighting that Europe lacks a single company in the global top 25, while the US has 20. The article suggests that Europe's risk-averse culture, partly due to expensive severance costs, hinders innovation.

In European countries, the bigger factor for getting women to work is having the right to part-time jobs. The U.S. is missing a lot of part-time workers.

The U.S. labor market is currently characterized by a low hire, low fire environment. This means workers with jobs are secure, but new entrants or those unemployed face challenges finding employment.

Scott Galloway believes that strategic firing can boost morale by showing employees that their hard work is recognized, unlike those who are let go for underperformance.

Scott Galloway argues that America's ability to hire and fire easily contributes significantly to its innovation. He believes that the freedom to fail and take risks gives the US an edge over Europe.