Wednesday, May 9, 2012

In France 49 is the Lucky Number

Interesting read today from Businessweek's Greg Viscusi and Mark Deen on Why France has so many 49-employee companies. I wonder how many focus groups, market studies, socio-economic spreadsheets it took (and paid for by French taxpayers) to come to the the number 49?

Check out some of these gems from the article or as I like to call them; yet more gifts of genius from the elite, went to the best schools, purported "smartest guys in the room" (aka trough feeders):

"according to the French labor code. Once a company has at least 50 employees inside France, management must create three worker councils, introduce profit sharing, and submit restructuring plans to the councils if the company decides to fire workers for economic reasons." 

or this one...
There are now 2.9 million people out of work in France, almost 10 percent of the workforce and the most in 12 years. “For the 100 employees we have in France, we have 10 employee representatives, for whom we have to organize weekly meetings even when there is nothing to discuss,”

Viscusi and Deen finish off the piece with this:

The bottom line: With 2.9 million people out of work—the worst joblessness in 12 years—France may need to overhaul its rigid labor laws.

Gee, ya think?
Too bad authors Viscusi and Deen cannot be more candid like saying:

The bottom line: with 2.9 million people out of work- the worst joblessness in 12 years-France needs to give its collective head a shake, purge these useless laws from its books, tell the lawyers and union lobbies who own politicians to stick their heads where the sun doesn't shine while at the same time turfing these genius- 'I know better' because I went to Insead-bureaucrats in Paris. Of course that would never get past the editor or the front door politically because we lack the required backbone period.

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