Thursday, 20 August 2015
France’s crazy labour market.
Lefties in France over the years have pushed for ever greater job security – for those able to get permanent jobs that is. Seems the lefties with permanent secure jobs don’t give a toss for those with insecure short term contract jobs. So those lefties are obviously genuine socialists – ho ho.
According to an article in the Financial Times, 11th August, entitled “Decay of the permanent jobs as France balks at labour reform” the costs of getting rid of those with permanent jobs are now so horrendous that the large majority of NEW jobs are now short term contracts.
So the ACTUAL EFFECT of job security legislation is, if anything, the opposite of the INTENDED EFFECT. Not that that will worry the ideologically pure lefties with secure jobs.
And that’s enough sarcasm for one day.