By Simone Wapler – Strategy of Simone Wapler (France) –
“The French economy has dropped out of the pack of developed countries,” a Figaro article quotes a study by McKinsey Global Institute (MGI). The institute places France at the 11 th place in Europe in terms of wealth produced per capita.
“Between 2005 and 2014, 63% of households saw their real incomes … stagnate or fall”. Are the French condemned to see their purchasing power continue to melt? In order to maintain the current level of per capita wealth growth, productivity growth should be 2% compared to 0.8% today.
Fewer and fewer people are working: France “has the same number of jobs, compared to its working-age population, in 2015 than in 2005, ie a two-thirds employment rate”.
And what are our presidential candidates suggesting? Throw more money at it!