Yeah I’d argue this is so clearly the case and it’s one reason among many why the US has an enormous amount of successful tech companies and Europe has some amount that basically rounds to zero in comparison.
The ability to hire and fire easily is critical if you want to build successful companies.
There’s a reason ambitious founders move from Europe to the US and why most billion dollar tech companies are American. Europe has made really bad policy decisions around this for decades and their economy reflects it. Europe is poor and to an extent I don’t think Europeans really understand.
> There’s a reason ambitious founders move from Europe to the US and why most billion dollar tech companies are American.
Yes, and it's because of larger, more liquid capital markets make it much easier to obtain VC funding.
> Europe is poor and to an extent I don’t think Europeans really understand.
Europe is definitely not poor in terms of either wealth or income (particularly Western Europe, which is the appropriate comparator for the US).