FT and S&P - conventional wisdom : why we should care | 27 comments (27 topical, 0 editorial, 0 hidden)

Re: FT and S&P - (4.00 / 2)

Perhaps someone can explain to me how the ability to fire people more easily will boost the labor participation rate?

Is it that the fear that once a firm hires someone they will never be able to let them go in case of a business downturn? If that is the case, isn't the real problem then, that firms don't see any possibilities for growth?

This sounds like a vicious circle.

A far as S&P and the other rating agencies, their economists are just a caught up in conventional wisdom as anyone else. If they weren't so then US Treasuries would be rated B- by now.

Policies not Politics
---- Daily Landscape

by rdf (robert.feinman@gmail.com) on Wed Mar 29th, 2006 at 03:23:29 PM EST

Re: (none / 0)

I am sure the French PM can explain this to you. :)
Me, I am at a loss.

When through hell, just keep going. W. Churchill

by Agnes a Paris on Wed Mar 29th, 2006 at 03:27:16 PM EST
[ Parent ]

Re: FT and S&P - (none / 0)

Perhaps someone can explain to me how the ability to fire people more easily will boost the labor participation rate?
Is it that the fear that once a firm hires someone they will never be able to let them go in case of a business downturn?

As far back as I can remember, the drumbeat from business associations has been exactly that. It never made sense to me, but then again I'm not an employer.

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman

by Carrie (migeru at eurotrib dot com) on Wed Mar 29th, 2006 at 03:45:34 PM EST
[ Parent ]

Re: FT and S&amp;P - (none / 0)

In case of a business downturn, there is the "licenciement pour motif economique". Employers wish this procedure would disappear as it implies compensation for contract termination plus paying an outplacement agency for finding a new position outside the company.
Too expensive for employers to afford, I guess... Employees should cooperate and try and be more expandable.<snark at the system>

When through hell, just keep going. W. Churchill

by Agnes a Paris on Wed Mar 29th, 2006 at 04:04:23 PM EST
[ Parent ]

FT and S&P - conventional wisdom : why we should care | 27 comments (27 topical, 0 editorial, 0 hidden)

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