French socialist “solution” to unemployment: “make layoffs so expensive for companies that it’s not worth it.” Four things will happen, all of them bad: 1) Mass layoffs will occur before the law passes 2) Companies will move any jobs they can overseas 3) If it’s difficult to fire people, companies will not hire them in the first place 4) Corporate profits will collapse along with the stock market should the need to fire people arise. Economic insanity is a progressive disease.
Author: Bonfire of the Absurdities
After 35 year career writing software for IBM mainframes, am now self-employed contractor thinking of joining a union and striking for higher wages. Cured morbid fear of heights when I learned to look at them as lengths standing on end. Uncompromising in refusal to accept browser cookies. Amateur investor who has accumulated a small fortune in the market after starting out years ago with a large one. For recreation, I run, hike, kayak and play tennis but will not consider synchronized swimming under any circumstances.
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