Can we describe French labor laws as “worker friendly” if they’ve led to one of the highest youth unemployment rates in Europe, abysmal labor force participation rates, and a considerably (30%) lower standard of living compared to the US?
If these kinds of regulations strangle businesses, harm wages, and cause unemployment, in what sense are they even “worker friendly”?
They certainly aren’t friendly to those unemployed workers, or to the workers who don’t see pay/productivity increases, or to the workers who cannot benefit from business creation because it’s so goddamn costly to start a business in France.
Can we describe French labor laws as “worker friendly” if they’ve led to one of the highest youth unemployment rates in Europe, abysmal labor force participation rates, and a considerably (30%) lower standard of living compared to the US?
If these kinds of regulations strangle businesses, harm wages, and cause unemployment, in what sense are they even “worker friendly”?
They certainly aren’t friendly to those unemployed workers, or to the workers who don’t see pay/productivity increases, or to the workers who cannot benefit from business creation because it’s so goddamn costly to start a business in France.