Wednesday, April 12, 2006

Proletariate Part II

After killing a measure that would lead to lower unemployment among young, inexperienced workers by liberalizing employment rules, the French Parliament have decided to swing in the opposite direction.

The new bill establishes the principle of state aid to employers taking on young people in difficulties on a contract for an indeterminate period.

These provisions concern the youngsters aged between 16 and 26 experiencing the greatest difficulties in gaining access to the labour market.

So, instead of reducing the risk associated with hiring young people, France is just going to bribe businesses to hire young people. Brilliant! No doubt this is going to put an end to that pesky deficit and GDP growth problem they have been having.

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