Tech Crunch reports that a French startup has developed a cool new product while merrily collecting their 18-month unemployment checks. It is ironic that I actually get a peek into the pathetic rules that govern the French, while I was reading about a innovative French Startup.
In the world we have come to accept, getting laid off is not a good thing. But it is not quite the same in France; there an employee can get laid off and actually collect a 80% check of his payroll from the government. I wonder who is actually paying for the extended happy times of these unemployed workers. I understand that there would be some criteria for qualifying for this perk. But it is still a big problem for any company or entrepreneur trying to hire employees and grow in France.
I don’t envy the unemployed French or the guys/gals that made the best out of their not so bad situation, but I pity the companies and people paying taxes to the French government. What a total waste. I guess this explains why France is constantly and consistently topping the has-been nations.
I am amazed that France actually has a place on G8. I am not sure if the whole G-8 is going to be any relevant in the next decade as the new raging economies emerge to claim their spots on the global stage.
Posted on February 19th, 2008 by admin
Filed under: Horse's Mouth
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