While it is true that there are some European countries with labor laws that are extremely favorable toward the employee, so much so that it has actually bankrupted entire countries, I do not believe that is the cause of stagnant business growth.
In fact, in many countries, the government “s involvement in small and emerging businesses is so favorable that more companies are being created and getting past their initial seed stage so they can get to that all-important growth phase.
What we are really seeing is that there is a different focus in overall business goal – companies in Europe, Africa, the Middle East, Southern Asia, etc are not necessarily aiming for unicorn growth via churn and burn, their goal is company sustainability and profitability at a reasonable scale rate.
To that end, we are getting a quiet flood of foreign companies that understand the global market saturating the world from “over there”, as opposed to the brilliant flame of companies popping up left and right in the states.
Originally Posted: https://www.quora.com/Would-the-European-economy-be-doing-better-if-it-were-easier-for-businesses-there-to-fire-people
Originally Posted On: 2016-06-11