I believe that was the point. 

In a prisoner’s dilemma situation, the two competitors could cooperate by not offering paid holidays, but if one defects and offers them the other would have to do the same. 

Undisciplined

If one company offers paid holidays to employees, then its competitors have no choice but to do the same

charts_and_numbers

Ranked: Average Working Hours by Country

0xbitcoiner

I think it's the opposite

If one company offers paid holidays to employees, then its competitors have no choice but to do the same
