You're right in that employers restrict hiring as much as possible, what tends to happen here is you get a 1 year contract with the option to be taken on permanently, and these contracts don't have all of the insurances. Taking a permanent contract here is seen as a serious commitment to the company, so most people who just want more money in their bank account at the end of the month choose not to take permanent contracts and take the risk themselves.
If I saved for these things myself in the US, I would've been netting less than I do here in Europe, despite my US salary being 100k higher. A lot of people live way beyond their means with all these things considered.
Salaries in Europe are much lower even when all the salary and benefit related expenses (so called "gross 2" salary) are taken into account.
If you're on a permanent contract, there's a minimum legal notice that depends on years served and your age. So it's not "6 months", it's a variable amount of months. It may be as little as 0.5-2 months if you've worked there for < 5 years. If you're not on a permanent contract, the notice is: BYE.
As for "75% for 2 years", that's not the employer paying you, it's the state. Unemployment benefits. Where both "75%" and "2 years" are lacking some crucial details. It's max 75% of a fixed cap. So if you're a high earner, you might only get 25-50% of your previous salary. Further, you'll be intensely pressurized to find that new job, where you need to supply weekly evidence of job interviews. You can't just take a holiday for 2 years. By the way, you paid for the above yourself, directly from your payslip.
As for "50% indefinitely", this is state wellfare. Which is absolute hell. You don't easily qualify for it and you're even more pressurized to find a job, any job. You'll be closely monitored and you can't own anything of any worth. So if you were a highroller owning assets before, get ready to be stripped naked. Next, you'll have the social stigma of being a leech. Have this on your resume, and its goodbye career.
I'm honestly pissed about the inaccuracy of the poster.
So imagine your the next unicorn? Would you hire like crazy in Europe?
Modern Switzerland is much of a socialist state. It’s lost all the things that made it a great place for business. Zurich is still a small tech hub for startups but mostly services and finance. Labor is usually hired in US or elsewhere.
About the only place in EU that's pro-small business is Italy. It still has some 50% of the GDP from companies less than 50 employees.
For 100000 USD it's actually a bit higher than for 100000 EUR.
However, as another commenter said, income tax is not the full story - far from it. There are other taxes that you have to pay. Also, while social security comes out of your paycheck, it's considered taxable income in France for the purposes of the income tax. Also, social security is usually insufficient, so you usually have to pay for a separate insurance. Which, you guessed it, isn't deductible from taxes.
As far as a company's concerned, if the employee costs 100 EUR "fully loaded", they only get around 55-60 EUR in hand. Also, when comparing with the US, don't forget that VAT is at 20-25% depending on the country. And, at least in France, VAT is levied on some taxes (yup), like for example electricity and gas.
[0] https://www.forbes.com/advisor/income-tax-calculator/califor...
[1] https://simulateur-ir-ifi.impots.gouv.fr/calcul_impot/2022/s...
US is around 25% whereas France is 45%
That's why Twitter didn't start there.