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March 25, 2006
The French are rioting. Again.
CNN.com - French PM offers labor compromise
So, the French Prime Minister creates and pushes for a law designed to boost employment levels. It does this by removing the wildly over-zealous job protection laws French business have to deal with...
See, when a business can’t fire someone no matter how broke their company is going, they tend to hire just the number of people they can afford when times are bad. This creates all kinds of slack in the economy. The American system could do much better for displaced workers—but we tend to have far fewer people without jobs...
The French students are saying: that the “law will create a class of workers who will face being fired every two years.” Since those are the people who haven’t jobs now, I fail to see the problem...
Posted by Andrew at March 25, 2006 11:45 AM
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