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>It becomes easier to start your own enterprise. I lived in France for a few years and noticed something that validates this a little. French unemployment pay
by corford 9y ago
>It becomes easier to start your own enterprise.
I lived in France for a few years and noticed something that validates this a little. French unemployment pay is quite generous (can't remember the exact figures but it's close to or 100% of your last salary for 12 months) - effectively quasi UBI for a year. I knew a lot of 'twenty somethings' that used this cushion to give them 12 months runway to try their hand at a startup.
- ttoinou 9y ago... or going abroad travelling & woofing. Which is also a rationale behavior. Did your friends keep the unemployment allowance while creating a new company ?
- corford 9y agoNo idea how it worked in detail (they were mainly acquaintances I met at meetups/co-working spaces). It just seemed like a right of passage - virtually everyone I met had bootstrapped their 2-5 person teams with guys & gals that were living off their unemployment allowances for a year (and so were fine taking equity and no salary for a while).
- Jacqued 9y agoYes. You even get a better replacement rate when you create a company than when you're unemployed and looking for work. If you held salaried work for long enough before, it will last for two whole years. We often joke in France that the unemployment agency is the #1 startup investor in the country