I am all for fair pay. But some of the club med countries have truly earned their road to ruin. Take this example:
The Spanish government recently introduced legislation to cut compensation for workers fired without cause from 45 days salary per year of service, up to a maximum of 42 months salary. The new rules would cut that to 33 days salary per year of service, capping the payout at 24 months salary. Even if companies can prove the firings were because of economic conditions, they still have to pay the departing workers 20 days of salary per year of service.
Meanwhile, back in my home province of Ontario, Canada:
In Ontario, workers fired without cause can only dream of getting two years salary in compensation. Here, the most you’re legally entitled to is either eight weeks notice, or eight weeks salary. And you can only get to that exalted status after having worked at the same job for (you guessed it), eight years. Until then, it’s one week’s notice or salary for each year you’ve worked. See: Three reasons Europe is in crisis and Canada is not
It is rather like the investment bankers who sold risk and levered up the financial system to insane levels. You can try to take too much and you may get away with it for a while, but at some point you take so much you kill the host. Then you are out of work.