Why does Europe generate so few star high-tech firms? Bad labor law is one reason [Brian Palmer, Slate]
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When you make it impossible to fire even the most incompetent buffoon, you get 30%+ young adult unemployment.
Americans lecturing others on how to run an economy? Throw another Trillion Dollars on the fire and we will discuss.
The slate article is laughable before you even get past the byline, Europe is many countries with many laws. Hiring and firing is simple as long as you follow the rules, a temporary employee can be gone in a moment, as that is what their contract says. If you feel the need to throw people out every other day then that says more about your management skills than any labour laws.
Maybe tort-reform opponents can cite these statistics to argue Europe should adopt America’s stockholder-lawsuit scams and patent-troll abuses.
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