The French Job market is jammed, that is for sure. If that was not the case, then you would not see a structural unemployment problem of 10%, and more than 30% at the youth end of the market. Sarko is trying to fix it but here is a very interesting research report on the ways the French Job Market can be reformed and fixed.
1. The first step must be to ensure greater security in career paths
2. Reforming the system of unemployment insurance is the second step
3. The third step is to reform the lay-off laws
4. The fourth step is to reform financing of unemployment insurance
It will be tough, but given the rocketing public sector deficit, it has to bite the bullet and do something. Go Sarko Go!
Technorati Tags: France , Employment
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