Reaction #5-Dean Sbriscia

Reaction to Youth Unemployment in France:

Youth unemployment in France is roughly double that of the youth in the United States. I believe this is due to poor financial practices in Europe. Individuals are too worried about job stability in the market and not worried enough about how the economy is performing. Individuals who know their job is safe after a short time period will do less and less because they know that they will not be fired. There is little initiative to work harder and provide at one’s best because there is little movement in the market. This also leads to less promotions and lower salaries since employees are at the same jobs for years at a time. I believe they went in the right direction in initializing a law to increase employment, but they need to create more laws that directly affect the economy. France needs to be more concerned with financial practices and rates rather than labor movement because if the proper financial practices were set in place, the labor movement would take care of itself. The country needs to take a more direct approach at improving the economy and not relay on the laissez-faire approach they now practice.