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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 378.38

+2.7%

Nov 10 4:00 PM EST

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To: Cogito Ergo Sum who wrote (71854)	3/11/2011 11:23:34 AM
From: elmatador	1 Recommendation Read Replies (1) of 217662

An archaic labour code penalises businesses and workers alike. Brazil’s labour laws, a collection of workers’ rights set out in 900 articles, some written into the country’s constitution. They were originally derived from the corporatist labour code of Mussolini’s Italy. They are costly: redundancies “without just cause” attract a fine of 4% of the total amount the worker has ever earned, for example. (Neither a lazy employee nor a bankrupt employer constitutes just cause.) Some are oddly specific: for example, annual leave can only be taken in one or two chunks, neither of less than ten days. In 2009, 2.1m Brazilians opened cases against their employers in the labour courts. These courts rarely side with employers. The annual cost of running this branch of the judiciary is over 10 billion reais ($6 billion). economist.com

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