Via Google Translate from El Economista, France will create 150,000 jobs for young people without qualifications
The French Government has today adopted a draft law providing for the creation of 150,000 subsidized jobs for young people with little or no qualifications, which are most affected by unemployment and employability harder.Why Stop at 150,000?
The beneficiaries of these so called "jobs of tomorrow" will work for municipalities, hospitals, schools, social organizations, associations or, exceptionally, in private companies, and will receive a grant of up to 75% of their compensation.
The estimated cost is 500 million euros in 2013 and "more than 1,500 million" next year by the state budget, said Labor Minister Michel Sapin, at a press conference.
"We want contracts defined privilege" said Sapin, who nevertheless admitted that the storms are also accepted, and said that public support will be maintained in each case between one and three years, provided that employers provide a "accompaniment" to "very great difficulty youth push" to which they are targeted.
He insisted that the "accompaniment", which may include training for classical channels is "fundamental" to the 500,000 eligible people likely to have between 16 and 25 years, lack of skills and work.
The second half of that translation is a bit choppy but the bill clearly targets "500,000 eligible people" between 16 and 25 with no skills and no qualifications.
So, why stop at 150,000? Why not hire them all? And why stop at age 25? Why not hire everyone with no skills and no qualifications regardless of age?
Hopefully the answers are so obvious that hiring even 5,000 with no qualifications seems preposterous.
Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
Click Here To Scroll Thru My Recent Post List
