Comment by ErroneousBosh
5 days ago
> The issue is that if I wanted to found a new company, I'd be confronted with lots very strict regulations with lots of implications and induced overhead
Yes, like for example you have to actually pay your employees for the time they work, and give them a certain amount of paid annual leave
This is something anathemic to USian companies, who see skilled workers as essentially disposable single-use devices.
Is what I wrote confusing? I have nothing against labor laws in the EU. It's that there are a lot of other well meaning regulations that bog down young businesses. They are mostly justified, but they are also pretty daunting chores for founders.
Can you give specifics there? Which laws "bog down" businesses?
Mandatory tamperproof data retention for bookkeeping and taxes, GDPR, mandatory machine readable invoices; a flawed data backup routine can have considerable legal repercussions... it's the way those pieces interconnect that makes compliance time-consuming.