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Perhaps this is among the biggest differences between US and EU: in the first it is much easier to fire people and this may lead to massive hires when the condi

Perhaps this is among the biggest differences between US and EU: in the first it is much easier to fire people and this may lead to massive hires when the conditions made it necessary, knowing that they can easily reduce the workforce when such conditions change; on the contrary, in EU it is more difficult to fire the employees, so companies tend to be more cautious to hire large amounts of new employees.

ramblerman 4y ago
And hence why contracting is so profitable in EU
- fredestine 4y ago
  profitable? you get 50% tax in most western countries in europe. its nearly impossible to make more than a FAANG-level company with that taxation
  - ramblerman 4y ago
    True, perhaps I should have said "lucrative". Given how hard it is to hire/fire in Europe, the contracting market is especially healthy was the point. I would still consider it profitable compared to being a full time employee in Europe. Besides a higher rate, a contractor with his own company can benefit from all kinds of tax advantages a regular employee can't.
    - fredestine 4y ago
      I am not sure. At FAANG in europe you can make 200k. you need to make 400keuros (maybe 350k if you really good with tax and deducting costs) but you wont get any day off, sick day, any health insurance (even in europe it helps) , no 401k. tbh I am not sure it is better money wise. for sure you get the freedom tho but also the stress of finding new customers
fredestine 4y ago
it is very easy to fire in europe... and you have a trial period up to 6 month where you can fire your employe for any kind of reason. after that you can also fire easily your employee but youd need to give him a 3 month notice. but definitly economic downturn is a valid reason to fire someone. so actually for markets like software with plenty of jobs and employment the trial/notice period of 3 months are playing against the workers by creating a complex market that is not fluid at all. it however protects better workers that are in less fortunate industries which is good.

ramblerman 4y ago

And hence why contracting is so profitable in EU

fredestine 4y ago
profitable? you get 50% tax in most western countries in europe. its nearly impossible to make more than a FAANG-level company with that taxation
- ramblerman 4y ago
  True, perhaps I should have said "lucrative". Given how hard it is to hire/fire in Europe, the contracting market is especially healthy was the point. I would still consider it profitable compared to being a full time employee in Europe. Besides a higher rate, a contractor with his own company can benefit from all kinds of tax advantages a regular employee can't.
  - fredestine 4y ago
    I am not sure. At FAANG in europe you can make 200k. you need to make 400keuros (maybe 350k if you really good with tax and deducting costs) but you wont get any day off, sick day, any health insurance (even in europe it helps) , no 401k. tbh I am not sure it is better money wise. for sure you get the freedom tho but also the stress of finding new customers

fredestine 4y ago

it is very easy to fire in europe... and you have a trial period up to 6 month where you can fire your employe for any kind of reason. after that you can also fire easily your employee but youd need to give him a 3 month notice. but definitly economic downturn is a valid reason to fire someone. so actually for markets like software with plenty of jobs and employment the trial/notice period of 3 months are playing against the workers by creating a complex market that is not fluid at all. it however protects better workers that are in less fortunate industries which is good.