If "innovation" equals firing a quarter of your company at a moment's notice because some psychotic C-level wants 3 cents more of profit this quarter, then I'll take stagnation, thanks.
Frankly, I am European and I know what I'm talking about. It seems obvious that there is a conflict between protecting workers' rights and giving companies the freedom to decide what's best for them. On the other hand there is a dearth of dynamic and successful startups in Europe and it's hard to imagine that workers protection have nothing to do with it- also because in my own country I have seen countless times excessive workers protections slowly suffocate a company, until both the jobs and the entire business are lost.