12-09-2012, 02:45 PM
Apparently worker protection laws are REALLY fucked up in Europe. I was half paying attention to a John Stossel program yesterday. Here's an excerpt from his blog...
Politicians claim they make our lives better by passing laws. But usually the laws go wrong. Examples:
Work rules protect employees from greedy companies.
Wall Street Journal Reporter Anne Jolis says work rules destroyed jobs in Europe. Workers there get "vacation do-overs"- if they are sick on vacation, they get additional paid time off to make up for it. In Spain, employers must give 24 months of severance pay after they fire someone. No wonder companies don't hire.
America doesn't have mandatory vacation time, but we still have 170,000 pages of rules. Dan Mitchell from the CATO Institute says those rules are a reason this economic recovery is slower than all the others.
Read more: http://www.foxbusiness.com/on-air/stosse...z2Ea847cdC
Politicians claim they make our lives better by passing laws. But usually the laws go wrong. Examples:
Work rules protect employees from greedy companies.
Wall Street Journal Reporter Anne Jolis says work rules destroyed jobs in Europe. Workers there get "vacation do-overs"- if they are sick on vacation, they get additional paid time off to make up for it. In Spain, employers must give 24 months of severance pay after they fire someone. No wonder companies don't hire.
America doesn't have mandatory vacation time, but we still have 170,000 pages of rules. Dan Mitchell from the CATO Institute says those rules are a reason this economic recovery is slower than all the others.
Read more: http://www.foxbusiness.com/on-air/stosse...z2Ea847cdC