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more on French protests
From: David Farber <dave () farber net>
Date: Sat, 8 Apr 2006 08:11:03 -0400
Begin forwarded message: From: Russ Nelson <nelson () crynwr com> Date: April 8, 2006 12:30:48 AM EDT To: dave () farber net Cc: Steven Hertzberg <stevenstevensteven () gmail com> Subject: Re: [IP] French protests David Farber writes:
From: Steven Hertzberg <stevenstevensteven () gmail com>
I'm carefully watching international news as French protests escalate and turn violent, involving 1 to 3 million, with Sunday being the worst so far. Below is a summary cross sectional view of some of what I'm seeing in the media. I'd appreciate the thoughts of other IPers who are closer and perhaps better versed in this issue.
You're seeing an economist failure. Economists have failed to adequately explain how basic economics works. When a few students fail a teacher's class, it's their fault. When all the students fail the class, it's the teacher's fault. The trouble is that the basic issue is being explained in the negative of what is actually happening. "This law makes it easier to fire young workers." When you put it like that, well, then of course it's obviously an evil law. Remember, though, that most laws have a long-term effect opposite to their short-term effect -- and bills are named for their short-term effect. From that alone you would expect this bill to increase young worker employment. The effect of the bill will be to make it easier for young workers to be fired. But consider the current state of affairs. Right now it is not as easy to fire a young worker. Since nobody is forced to hire them, they don't get hired as much. Nobody wants to hire a worker and then when business goes bad, have to continue to pay them with money you aren't getting. Not being able to dismiss a worker you can't afford is a very powerful incentive towards not firing them. Thus, the current state of affairs that the French students are working to protect should be called "Guaranteed Unemployment".-- --my blog is at http://blog.russnelson.com | A computer without Python is Crynwr sells support for free software | PGPok | like a CPU without memory: 521 Pleasant Valley Rd. | +1 315-323-1241 | it runs, but you can't do Potsdam, NY 13676-3213 | Sheepdog | anything useful with it.
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- more on French protests David Farber (Apr 08)