Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Jerome, you are a university economist. So isn't the conventional wisdom, that job protection measures are bad in the upswing, as enterprises don't want to employ new people, preventing unemployment going down fast, but good in the downturn, as enterprises can't get easily rid of the people they have?

Der Amerikaner ist die Orchidee unter den Menschen
Volker Pispers
by Martin (weiser.mensch(at)googlemail.com) on Sun May 18th, 2008 at 07:16:29 PM EST
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is that it's never good, as I noted above. There is no good time for labor market rigidity, and no good time for wage increases.

But I'm not a university economist.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Mon May 19th, 2008 at 03:48:15 AM EST
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To turn what Martin says into conventional wisdom would be a small victory.

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Mon May 19th, 2008 at 06:49:14 AM EST
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