OK, the EU is more like chaotic good.
It's not a federation.
No universal minimal wage, so we have "rich" and "poor" countries.
It's isn't a socialist state, more like neoliberal.

But we have good-ish regulations. Often delayed.

Waiting for OSM to replace google maps, unfortunately the tiling is more like a 1990's car street map than a modern bing/google maps and there's nothing I can find that replaces youtube for sheer volume of content

Outside of that, Apple Iphone/Google android are about the only American things I still depend on

Nestlé is European

This is why we have the EU.

For context, the EU has lots of competency in labor law. It's a protection against dumping since free movement was introduced in the 1980s. There is the Charter of the Fundamental Social Rights 1989 and then a bunch of directives. Any EU directive automatically takes priority over national law.

Some examples of well-known directives:

The Safety and Health at Work Directive 1989 requires basic requirements to prevent and insure against workplace risks, with employee consultation and participation,[18] and this is complemented by specialised Directives

The Working Time Directive 2003 requires a minimum of 4 weeks (totalling 28 days) paid holidays each year,[14] a minimum of 20-minute paid rest breaks for 6-hour work shifts, limits on night work or time spent on dangerous work,[15] and a maximum 48-hour working week unless a worker individually consents.[16]

The Parental Leave Directive 2019 creates a bare minimum of four months of parental leave

IMO any foreign companies are welcome to do business if they respect the law.

Whoever came up with this meme has never heard of BP, Shell, Eni, Siemens, Spotify or the numerous European fast fashion companies that depend on sweat shop labor to survive.