***European Employment: Some Good News | 53 comments (53 topical, editorial, 0 hidden)

Re: European Employment: Some Good News (none / 0)

Maybe, if the idea is "lower=better."

IMHO the real message, when you look at the index along with the employment data, is that the US and UK have plenty of scope to increase labor force protections while still preserving job growth.

by TGeraghty on Wed Sep 20th, 2006 at 02:44:55 AM EST
[ Parent ]

Re: European Employment: Some Good News (none / 0)

I'd agree with you on that.

I presume you've looked at the way the protections are calculated: there are a lot of judgement calls in there - multipliers and so on - that reflect the philosophy of the people who created the system rather than anything objective.

by Colman (colman at eurotrib.com) on Wed Sep 20th, 2006 at 02:47:48 AM EST
[ Parent ]

Re: European Employment: Some Good News (none / 1)

I think it's a useful measure of the cost to firms of firing workers across countries. That's about it.

And it's great for us that the correlation between their measure of what they think is important for a well-functioning labor market is not really all that well correlated with more objective measures like employment rates, unemployment rates, labor productivity, and so on. It really helps to nail our case. If their theories were right then the US and UK should dominate everybody else in terms of employment and productivity, and they don't.

That's why I refer to it so much.

by TGeraghty on Wed Sep 20th, 2006 at 02:59:59 AM EST
[ Parent ]

Re: European Employment: Some Good News (none / 1)

Good point.

Just like using data from the Economist or the Financial Times? ;-)

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Wed Sep 20th, 2006 at 03:55:02 AM EST
[ Parent ]

Re: European Employment: Some Good News (none / 0)

Note that in France case, the measures works both way, you have to wait to fire a worker, but this also means you don't learn friday at 6pm that a worker won't be there monday anymore to work for you.

by Laurent GUERBY on Wed Sep 20th, 2006 at 04:41:36 AM EST
[ Parent ]

***European Employment: Some Good News | 53 comments (53 topical, 0 editorial, 0 hidden)

Top Diaries

City Agriculture - October 4, 2023

Energy (and Other) Events Monthly - October 2023

Ireland 13 South Africa 8

UNGA: West Censors the South and East

EU VDL State of the Union -- Managing Decay

Rugby World Cup 2023 Week 1 review

Reactionary Visions and eNtiTiES

Recent Diaries

City Agriculture - October 4, 2023

Energy (and Other) Events Monthly - October 2023

UA Laboratory NATO First Space War

United Nations In Stalemate Position

Biden's Headache in Middle East: Israel

EU as Client State of Joe's America

Canada's Trudeau Honoring an Ukrainian Nazi Collaborator

Ireland 13 South Africa 8

UNGA: West Censors the South and East

A Tale by Benjamin Franklin

Fail in Democracy Return to Authoritarianism

Yemen From Ceasefire to Peace Talks?

Huge Cost Proxy War of Choice

EU VDL State of the Union -- Managing Decay

Reactionary Visions and eNtiTiES

Top Military War Planning Under Joe Biden - Ukraine

Rugby World Cup 2023 Week 1 review

Joe's Fuck the EU -- Showdown

Modi G20 One Earth, One Family, One Future

Conflict In Syria's Deir Ezzor Province

Occasional Series