[Jean Tirole] France’s labor laws should protect people, not jobs
Nov 7, 2017
French President Emmanuel Macron’s efforts to loosen the country’s labor code are innovative and welcome. They might help attract more investment. But if France truly wants to reconcile the interests of companies and workers, it also needs a different kind of reform -- one focused on protecting people, not jobs. Macron’s plan increases legal penalties for “wrongful” dismissals, while curbing the ability of courts to grant workers even greater compensation. This is the right approach; the problem