Least favorite headlines


Be careful what you ask for, you just might get it. The young people of France will not be fired from jobs, even when the economy collapses to the point when every Frenchman who has a job is fired.

Here is the replacement:

"The president of the republic has decided to replace article 8 of the equal opportunities law with measures to help disadvantaged young people find work...

...The new measures include increased financial incentives to employers to hire people under 26 who face the most difficulties in getting access to the labour market..."

AKA money for jobs

Quote from Neil: "How dare the French succumb to the will of the people? Don't they realize what democratic leadership is all about?"

I think they just prooved they do know: Unprincipled and total allegiance to the mob.

Well, Keith, since those French people are actually live in France, I think the French government is right to give their opinions more weight than yours. I know, it's crazy, but I think there's a hint of truth in it.

Neil says:
"Well, Keith, since those French people are actually live in France, I think the French government is right to give their opinions more weight than yours. I know, it's crazy, but I think there's a hint of truth in it."

This is a horendous point to try and make for so many reasons. What you are essentialy saying is that whatever the group decides is ethicaly correct.Even with American opinions of the French economy put aside, you are still misguided. Have you ever read James Madison? You do realize that majorities can harm minority groups within a democracy? Therefore pure democracy is an unethical form of government. In this case the majority have decided that the minority, French business owners, have extremely limited property rights. Which begs the question why does France not move towards full on state socialism? The government has such a heavy say in business affairs that it becomes very difficult to call France a market economy anymore. This way France can have full employment again because they can pay people to dig ditches and push dirt back and forth. As it is I wonder what percentage you would consider full employment in France nowadays, does eight percent seem reasonable or maybe even higher?

The day that I went to the Louvre, the French painting section was closed.
With a youth unemployment rate over 20%, they don't have enough staff to
keep the entire museum open.

I find it very hard to understand the positive outcome of having this law passed(if it did). What exactly will the benefits be for firms to fire workers that are 26yrs and younger without giving reason for the first two years? Won't this just be a burden for companies to fire experienced/trained employees and then having to retrain new ones? Training is very time consuming and it takes away from productivity with a greater risk of error to those products or services that the company has to offer. The proposed new law says its to make it easier for firms to fire workers under the age of 26 since they won't have to give reason, but when they go to pursue a new job what exactly is he or she supposed to tell the new employer? How will the new employer know if he or she was fired because they couldn't perform up to par, or they were fired just for the heck of it? I fail to see what good could of come out of all this, just seems more of a hassle if you ask me.

Robert Speirs writes:

"Ah, good! More French investment money for US businesses. God knows you'd have to be nuts to invest in France."

Caution: do not get your investment advice from comments sections of blogs


The reason why the youth unemployment rate is so much higher than the overall unemployment rate, btw, is because the labour force participation rate is so much lower. In Germany, the youth unemployment rate is lower than the overall unemployment rate, and I suspect nobody think that this is because the youth employment regulations are very liberal.

The proposed law was flawed. Good points on why were made by previous posters. Seems to me that the high taxes on labor to pay for lavish social benefits are a much more significant problem as they affect every worker. Younger workers are less skilled and experienced, so naturally they provide a smaller net marginal benefit to employers given the tax wedge on labor.

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