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How do French companies remain competitive globally if there are no incentives for the employed labor force to increase productivity?
by pm90 7y ago
How do French companies remain competitive globally if there are no incentives for the employed labor force to increase productivity?
- afthonos 7y agoPerhaps there are other incentives besides the threat of the destruction of livelihood that might work?
- rayiner 7y agoFrance is in fact losing ground globally. Compare PPP-adjusted GDP per capita for the US: https://tradingeconomics.com/united-states/gdp-per-capita-ppp https://tradingeconomics.com/united-states/gdp-per-capita-pp... to France: https://tradingeconomics.com/france/gdp-per-capita-ppp https://tradingeconomics.com/france/gdp-per-capita-ppp. From 1990 to 2017, U.S. GDP per capita is up from $36,500 to $54,200, about 50%. France is up from $29,500 to $38,600, about 30%. The forecast for 2021 has France at $41,100 and the U.S. at $60,100: https://tradingeconomics.com/forecast/gdp-per-capita-ppp?continent=g20 https://tradingeconomics.com/forecast/gdp-per-capita-ppp?con.... That means in 30 years, Americans will have gone from being modestly richer than the French (24%) to being quite a bit richer than the French (50%). To put that into perspective, the 50% gap from France to the U.S. is the same as the gap from Turkey to France.