German separations cost firms ~2.5× annual salary on average. A statutory severance formula for top earners — predictable, capped, litigation-free — cuts that to 1.27×. New study by @YannCoatanlem, out with @ifo_Institut this autumn — covered exclusively by @handelsblatt
In kaum einem Land kostet eine Freistellung so viel wie in Deutschland. Das Reformpaket erleichtert bereits Kündigungen von Topverdienern. Das reicht aber nicht, zeigt eine exklusive Studie. https://t.co/XMcwYklHLH
In kaum einem Land kostet eine Freistellung so viel wie in Deutschland. Das Reformpaket erleichtert bereits Kündigungen von Topverdienern. Das reicht aber nicht, zeigt eine exklusive Studie. https://t.co/XMcwYklHLH
Why don't European companies innovate? It is common to blame expensive energy, high taxes, anti-growth politicians, interest groups, and green regulations.
But California has the same problems, and has created the world's most innovative companies.
Europe's problem is labor law. Compared with America, it's far harder to let workers go when a business doesn't work out.
https://t.co/YXV8X1Va8x
- It costs a large company roughly four times more to fire a worker in Germany or France than the US.
- German law requires employers to consider age, years of service, family obligations, and disability status when deciding who to lay off. Employees who would be least impacted by losing their job are prioritized for dismissal.
- German employees who take on a caregiving role are fully protected from dismissal for two years from the date they begin caregiving.
- Factory closures in Germany regularly lead to payments of over €200,000 per employee.
- French companies must be prepared to show a court that their financial results are struggling enough to make layoffs necessary.
- To avoid the difficulties of formal dismissals, many European companies entice workers to depart voluntarily, with payouts of up to four years' salary.
Taken together, a German worker is ten times less likely to be fired in a given year than an American worker. This high cost of firing makes failures more expensive. It pushes big European companies away from taking risks and leads them to concentrate on safe, unchanging areas.
Europe has the ingredients needed to succeed. Its citizens are educated and inventive; it has excellent infrastructure and the rule of law; and its culture is not that different from the one it had fifty years ago, when its companies were world-beating. If Europe wants to a Tesla or a Google, it only needs to make it cheaper for companies to fail. My new piece for @WorksInProgMag.
Coste and Coatanlem: when AI came, US companies restructured fast. Microsoft invested $10B in OpenAI. Meta spent $37B on computing. Google: $43B on R&D. Europe's SAP? Just $0.6B yearly on AI. When SAP cuts jobs, it pays 3+ years compensation in Europe. https://t.co/WmFHIdrNgl..
Débat démocratique et efficacité des politiques publiques... sujet bien d'actualité évoqué cette semaine, dans la tribune de French Morning, par l’économiste Yann Coatanlem, co-fondateur de GlassView et président du Club Praxis. https://t.co/H94hleGxLj
« L’appauvrissement de l’Europe me préoccupe ».
Face à la dégradation de la compétitivité française, l'économiste et entrepreneur @YannCoatanlem, qui vit aux États-Unis depuis trente ans, préconise quelques puissants remèdes.
Par @Francoismiguet
⤵️ https://t.co/RlQsLoBOA5
Stay with us for this 2nd Plenary session of the day about #WorldEconomicOrder!
Follow the session on our Youtube channel ➡️🎥 https://t.co/sqp54aNWww.
@IFRI_#WPC2023
🗣️@YannCoatanlem, CEO of DataCore Innovations LLC, President of @ClubPraxis, is about to share his intervention on the 2nd session of the #WPC2023 on a New #WorldEconomicOrder.
Follow the session on our Youtube channel ➡️🎥 https://t.co/sqp54aNWww.
@IFRI_
Today at @UNESCO, we had a vital discussion about how to place fairness & equity at the core of economic policies.
It was a pleasure to count on @Gabucher, @N_Kabeer, @JoaquimOM, @YannCoatanlem & @andelecea for the launch of our latest report in collaboration w/ @FundlaCaixa!
L’économiste @YannCoatanlem vient de remporter le prix Turgot, avec @andelecea , pour leur excellent livre "Le capitalisme contre les inégalités". 👏 Une bonne occasion pour relire notre entretien dans @LePoint.
Yann Coatanlem, l’antidote au pikettysme
https://t.co/ebtQmuA3bV
@YannCoatanlem propose de permettre aux couples de déterminer la répartition entre eux de leurs contributions retraite au fil de l’eau.
Excellent. Utilisons toutes les armes contre les inégalités de genre. L’amour en est une! https://t.co/JDxakCWqNU
2/4 𝗖𝗵𝗮𝗾𝘂𝗲 𝘃𝗲𝗻𝗱𝗿𝗲𝗱𝗶, @YannCoatanlem 𝗻𝗼𝘂𝘀 𝗽𝗮𝗿𝘁𝗮𝗴𝗲𝗿𝗮 𝘀𝗼𝗻 𝗮𝗻𝗮𝗹𝘆𝘀𝗲 𝘀𝘂𝗿 𝗰𝗲𝘀 𝘀𝘂𝗷𝗲𝘁𝘀 : l'égalité des chances à l'école, la justice sociale, la révolution numérique, le revenu universel ou encore le capital humain.
Merci bcp @YannCoatanlem pour avoir partagé ta vision très construite sur la nature multidimensionnelle des inégalités et les leviers pertinents pour les reduire. Merci Gilles de Margerie @Strategie_Gouv pour ton apport très riche sur le rôle déterminant des inégalités de destin
Fransk presse presenterer hans nye bok som et svar på «pikettyismen». Selv venter økonom Yann Coatanlem på en «blurb» fra president Macron.
https://t.co/LI56g8v254
#RAPPEL: Notre 5@7 réflexions et réseautage avec l'économiste Yann Coatanlem se tiendra le 29 septembre 2022 à 17h30. Inscrivez-vous ici : https://t.co/J6aaB21Gns #montreal#polqc#economy#economieqc