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Why aren't the apparent plethora of young, educated, and motivated workers starting more companies, rather than hoping in vain for existing companies to hire th
by magnusss 13y ago
Why aren't the apparent plethora of young, educated, and motivated workers starting more companies, rather than hoping in vain for existing companies to hire them? Or, asking the question another way, is there something about the legal or financial structure of Southern Europe that makes it harder or riskier to found a business than elsewhere?
- dingaling 13y ago1. Lack of market: retail spending is still occasionally dropping month-on- month. 2. Lack of liquidity: what bank, already in perilous condition, is going to lend to these young people? 3. Lack of savings to compensate for ( 2 ) Spanish financial indicators: http://www.tradingeconomics.com/spain/consumer-spending http://www.tradingeconomics.com/spain/consumer-spending
- gametheoretic 13y agoReports on gender issues were going to be a tough sell regardless.
- carterschonwald 13y agoyou have to jump through a lot more hoops to create an incorporated business entity in europe. Much much easier in the US.
- jpelker 13y agoThey also don't know how. I don't remember learning how to run a simple little business for myself in school and I studied International Business.
- pjmlp 13y agoIt is an institutional and social problem. Institutional, because there are endless bureaucracy and taxes you have to fight until the company if finally up and running. Social, because in many European countries you are only allowed to fail once. Where in US, failure is seen as a mean to learn from the mistakes for the next company, here it is seen as a failure to be an Entrepreneur at all.
- eshvk 13y agoWhy are there inherent assumptions in your statement that starting a company is a) what they want to do. (albeit the fact that beggars can't be choosers) b) a high risk activity that is the best choice for them in the situation?
- bowlofpetunias 13y agoWhat makes you think that isn't happening? It's just not the story the media likes to tell. The right wing media likes to paint a picture of how bad the "socialist" state an Europe is functioning. The left wing media likes to paint a picture of unemployment and the failure of capitalism. There's plenty of other things happening. Yes, it's harder in Southern Europe because of both cultural and regulatory issues. But that doesn't mean everyone is just sitting on their asses waiting to get hired.