Re:Europe is now a corporate also-ran. Can it recover its fo...
by thow-01187 on Saturday June 12, 2021 @04:21AM
(#27482686)
Yes, vacations are financed as a hidden tax on normal working days - the worker pays for it from his labor cost. What exactly is the problem with having 10% lower salary in exchange for 10% more time? How is it supposed to be a drag on business formation? btw, LLCs are a possibility everywhere
Every EU country I've been to has a concept of probation periods - during the first ~3 months, the employer can freely terminate the new employee, or at least choose not to extent his contract. Also, collective dismissals are about equally as difficult in most of the EU than in the US (1)
What is unarguably easier in the US is to capriciously fire an individual on the spot for trivial reasons. I wouldn't call that a feature, though
No country has 8 weeks of vacations. Not even counting statutory + public holidays
> Glory to the LLC. Glory to firing someone with less than six months notice
I don't think even Italy is 6 months. Germany isn't. But way to go generalizing it for the whole EU. (also pop quiz, what do the acronyms GmbH, SARL and OÜ mean?)
> with zero friction movement of labor (this is completely laughable now compared to the US)
Not my experience, but not surprising given the amount of fiction in your post.