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I might also have used the wrong terminology here. (English isn't my native language.) However, I know for sure that in Germany, it isn't that easy to hire and
by dozgon 4y ago
I might also have used the wrong terminology here.
(English isn't my native language.)
However, I know for sure that in Germany, it isn't that easy to hire and fire people on a whim.
In the US this seems to be the case.
Just in case, let me also clarify this:
I don't care, if you think the American system is better than the German one.
I simply made the statement that even if not all EU countries have rulings like Germany, it is surely harder to fire people on a whim.
And also the article didn't mention where this will occur.
- skippyboxedhero 4y agoYes, Germany has such a rule, Kurzarbeit basically does this through a state subsidy. And one particular aspect of Germany is that capacity is controlled on the way up. The reason why the US has these huge swings is because capacity isn't controlled. It isn't possible to have the upside without the downside. Germany's political economy is totally different because the US has a far higher level of competition and innovation, this isn't possible with Germany's labour market.