You don't have to understand all the subtleties of Anglo-Saxon general theory of employment. Many a PPRuNer has noted its main points: labour costs are the biggest ones and need to be reduced, its better to have a job than to be on welfare (even if there's not much income difference between the two), unions are bad and if it weren't for them, CEOs would perform much better. Most important is that theory translates well into practice: countries that employ it are much better off in the current global turmoil.
Just compare UK and Germany
