Yes, 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 th

Yes, 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.