A very interesting graph. I wonder how France’s labor regulation will fare in the coming years. In all of the last big struggles over plant closings (Arcelor Mittal, Renault etc) labor flexibility has become- willingly or not- part of the government’s agenda for keeping plants open (‘travailler moins pour gagner moins’, in a twist on Sarkozy’s ‘travailler plus pour gagner plus’). It seems like labor flexibility plus, where you get paid less, less frequently, work on contracts as they come in and retain employment, but not wages, over dead periods. There’s regulation alright, but if this type of working relationship becomes an everyday occurrence in the country, it certainly seems less ‘cuddly’. Desperate times call for desperate measures? Boston University professor at the Department of International Relations Cornel Ban (http://europeaneconomics.wordpress.com/) makes long points, and he makes short points. But all of them are astute, and the articulation leaves one very satisfied.

Heterodox

The much vaunted superiority of liberal systems (US, Ireland) versus regulated systems (France, Sweden) ain’t as obvious as the preachers of weakening labor institutions say. Here’s a good graph from ILO

Screen Shot 2013-01-24 at 10.19.02 AM

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