Never again will west European workers live in a world with so little competition.
Moreover, European workers are less likely to move in search of jobs than, say, American ones.
Start with that employee-friendly 35-hour workweek and the fact that European workers accrue vacation faster than their U.S. counterparts.
LONDON, England (CNN) -- For European workers the summer vacation season is here.
The political fuss over east European workers (see article) notwithstanding, they worry less about competition for jobs than about public services.
Mr Woolas said the Home Office agreed that there had been a "general value added" from the migration of eastern European workers.
Separate figures also released on Tuesday reveal the number of Eastern European workers registered for jobs in the UK has reached half a million.
Today, there are many fewer US and European workers in Saudi Arabia than during the oil boom years of the 1970s and early 1980s.
But sceptics doubt that European workers will be as adaptable.
European workers are overpaid and unproductive, Dr Mahathir believes.
Take, for example, a recent analysis by Aviva, an insurance company, which attempted to calculate the difference between the expectations of European workers for a retirement income and the benefits they will actually receive.
Sprinkle with a large number of Cuban immigrants and Eastern European guest workers.
European state workers are often badly paid, having consciously accepted low salaries and tedium in exchange for job security.
Meanwhile, an agreement announced between European retailers and workers' advocates this week, may lead to investment in safety enhancements.
One final point to make about European wages, and it's one of the most aggravating for workers: Western European incomes are the most heavily taxed in the world, with the state, on average, taking 27.6% of people's salaries (although this is not far off the 26.2% tax burden on North American incomes).
This is in stark contrast to Europe where the European Union mandates that workers be provided with 20 paid vacation days every year.
In contrast, the European model formally endows workers with influence over business decisions and informally gives both them and managers considerable sway over public policy.
Mr Haldane estimates that Basel 3 may consume the time of 70, 000 workers in the European banking industry.
Certainly more and more suppliers will leave the EU. There will be more robots and fewer workers in east European car plants in future.
Then on Wednesday, Switzerland, not a member of the EU but part of its passport-free travel zone, invoked a special safeguard clause that allows it to cap the number of workers from 28 European countries.
The European Union's working-time directive, first issued in 1993 and subject to fierce debate again this month in the European Parliament, insists that workers toil no more than 48 hours each week on average (see article).
Earlier, Immigration Minister Phil Woolas told MPs on the European Scrutiny Committee the "best estimate" of numbers of workers from the 10 newest countries to join the European Union was a prediction of 665, 000 for next month - 550, 000 more than when they joined the EU in May 2004.
It is the European Commission's enthusiasm for workers' rights that has brought on this row.
In almost every European country, restrictions on firing workers have made employers very reluctant about hiring in the first place.
The European Working Time Directive requires that workers in all occupations have at least 11 hours off duty each day, and limits shifts to 13 hours.
Yet a 2001 European survey of 1, 000 workers conducted by the Italian Gestalt Institute also found that office flirting was good for relieving work anxiety, as well as stress.
In the long run this may prove a boon for American firms, which have far more freedom to choose which workers to dismiss than their European counterparts.
Mr Clarke scored more than twice as many votes as Mr Hague in the poll of nearly 1, 000 Tory constituency chairmen, members of the European Parliament, peers and senior voluntary workers.
Meanwhile, the prime minister is keeping his head down: to be caught in the crossfire between the free-trade Americans and his doughty farm-workers, and between the European Commission and France's game-shooters, is to risk being wounded by political pellets.
Yet such policies indicate hostility to entrepreneurship and wealth creation and reflect the French Socialist Party's failure to recognise that the world has changed since 1981, when capital controls were in place, the European single market was incomplete, young workers were less mobile and there was no single currency.
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