OECD countries mandate that wages and salaries be paid for vacations and sick while, in the U.S., firms decide their own policies.
The Reason That Recession Dates Matter
Asked to define a recession, you can give the mechanical answer. It is 2 or more adjacent quarters of a real GDP decline. So, if Q1 GDP grows by 3%, Q2 by 2% and then Q3 by 1%, is that…
