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Another factor that might explain why US unemployment is lower than European countries like France & Germany. The barriers to hiring & firing workers are typic
by aneesh 18y ago
Another factor that might explain why US unemployment is lower than European countries like France & Germany.
The barriers to hiring & firing workers are typically much higher in most European countries. In the US, the laws make it easier to hire & fire, so the employment process is more "efficient".
- eru 18y agoFrance has both difficult firing and minimum wage. In Germany it's not as bad: Firing is difficult, but there's no minimum wage for most jobs. Unfortunately minimum wage laws are all the rage, now.