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by willbw 3065 days ago
And France has...?
2 comments

High productivity, great worker protections, and high unemployment. Seems to be a mixed bag but the workers who have jobs wouldn't trade it.
France is a very interesting country. I would really like to know details about labor conditions there before making the default judgement that I used to when I was younger, that unionization and over-regulation had basically killed the French economy, causing the high levels of unemployment. They seem to have a system of protecting their workers, now if there was a way to also increase innovation/employment so more people could benefit from this system ...
At the moment it seems to be a choice in the developed world for high unemployment or high ratio of poor part-time workers , there's not enough work for everybody anyway so I'm not sure which one is the worst.
"The only way a union can effectively increase the wages of its workers is by reducing the amount of workers" - Milton Friedman
I like Friedman but this manifestly isn’t true: it’s about the ratio of capital (and management) to labour. Any profitable company can set this ratio to whatever they want.
A decent way of life and some semblance of culture.