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There might be some people who'd take it, since it also means guaranteed employment for the same period: an employer couldn't fire you without documented good cause that'd stand up in court. But I agree that it'd probably make hiring in a startup/tech sort of culture harder, since this isn't a culture where there's that much value put on the can't-be-fired aspect (the job market is good, so you'll just get another job).

I think you just described Germany.

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