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> the sentiment is to improve the life and livelihood of the average person Policies based on good sentiment almost always result in hidden costs that run coun
by prottog 4y ago
> the sentiment is to improve the life and livelihood of the average person
Policies based on good sentiment almost always result in hidden costs that run counter to those sentiments. Strong employees' rights in Europe mean that companies are much more reluctant to hire, since poor performers cannot be let go easily. This is especially devastating to young people who cannot find a foothold in an entry-level job to develop their careers; see youth employment rates in Spain (over a third) or France (one-fifth).
Same with rent control and other tenant protections, which is another sentimental policy that results in poor real-world outcomes. Sweden famously has a national average waitlist nearing a decade for rent-controlled housing, but this problem is by no means limited to Europe; if you compare states in the US with strong tenant rights vs. strong landlord rights, you'll find that the latter has much lower rents at comparable population densities.
> I take these quality of life improvements over all the tech unicorns any time
There has been more immigration from Europe to the US than the other way around for decades, so a lot of people do value the factors that enable those tech unicorns to flourish in the US.