You think "more government" will solve the U.S. unemployment problem? Look at France--
Why France Has So Many 49-Employee Companies - Businessweek: ". . . Once a company has at least 50 employees inside France, management must create three worker councils, introduce profit sharing, and submit restructuring plans to the councils if the company decides to fire workers for economic reasons. French businesspeople often skirt these restraints by creating new companies rather than expanding existing ones. “I can’t tell you how many times when I was Minister I’d meet an entrepreneur who would tell me about his companies,” Thierry Breton, chief executive officer of consulting firm Atos and Minister of Finance from 2005 to 2007, said at a Paris conference on April 4. “I’d ask, ‘Why companies?’ He’d say, ‘Oh, I have several so that I can keep [the workforce] under 50.’ We have to review our labor code. . . . Companies say the biggest obstacle to hiring is the 102-year-old Code du Travail, a 3,200-page rule book that dictates everything from job classifications to the ability to fire workers. Many of these rules kick in after a company’s French payroll creeps beyond 49. . . . There are now 2.9 million people out of work in France, almost 10 percent of the workforce and the most in 12 years. . . . "
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When the facts change, I change my mind. What do you do? -- John Maynard Keynes
Sunday, June 3, 2012
"More Government" is NOT the "Answer"
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