Economy of France, Digging Deep Into The French Economy
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- เผยแพร่เมื่อ 30 ก.ย. 2024
- France known as 3rd biggest economy of Europe and as the 7th largest economy in the world by GDP. The French economy video also discusses France exports, its economy's strengths, tourism and its impact on food and fashion industry, current account surplus and deficit, GDP to debt ratio and government spending, French industries, high corporate taxes, competitiveness against European Union states, gold reserves and productivity of French people.
The country famous for crispy-crusted Baguette, saying “Oh La La” a-lot, tour de France, Notre-Dame Cathedral, Eiffel Tower, the 3rd biggest economy of Europe and as the 7th largest economy in the world by GDP.
The country’s economy has four major components; Immensely strong businesses, immensely strong trade unions, immensely strong government, and last but not least, immensely strong people.
The people of France have a free education, a 35-hour work-week, six weeks’ annual vacation, paid parental leave, retirement age at 62, an attractive welfare safety net, and a free universal health care system. These rights were fought for by the people over the years.
You may have heard about the French always on strike. French while not completely saints, do NOT go on strikes as much as other countries, In fact, a lot less than how it is projected in the media. This French spirit cannot be understood without maybe understanding the French Revolution. Despite fine wines, delicious cuisine, high fashion, and hundreds of different cheese to choose from, the French are Les Misérables.
The topic of the French economy goes untouched without talking about its high unemployment rate. There has always been a correlation between the minimum wage and the unemployment rate. French work fewer hours compared to other countries, 35 hours a week. The minimum wage in France is 1,554 Euro which is one of the top five in the world.
You can also check other topics on economy on our channel: • Economy
Economy of countries: • Economy of Countries
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"France is a paradise filled with people who believe they live in hell" . This makes a lot of sense to me now.
It's because they believe it's hell that that it's heaven.
Otherwise they wouldn"t fight for improve it.
This is what makes people want more
This makes more sense about France than anything else.
Also it's Not heaven, it's better than other places.
(There are still a good amount of people with no roof, students skipping lunch, etc ....)
@@berenicesaquet1870 Still better than 80 to 90% of the world hence why it is called a first world country. So yeah it is heaven even if it is not a perfect heaven.
Yes I too love to watch videos saying my country is great while complaining about it being bad imo
Me too lol
T’inquiète moi de même
Ho la la… c'est vrai :o
Chakal t'as dead ça
Du génie
Oh la la 🇲🇫
even less your “la la”
Oh la la x2
Ferme bien ta geule c'est plus local
i'm french and i don't know what oh la la means
Pourquoi ne parle tu pas français dvo rak?
Hi, I'm French, so there are all mistakes :
-FIVE weeks' annual vacation, not SIX
-1554 €/mouth it's the "brut" wage, so minus 23% of social contribution and minus the income tax, it's in reality arround 1050-1100 euros in the bank account
-The amount of income tax is an addition of 4 percent ratios of the annual wage
-Why fire one to hire one other, except if the fire one was an asshole ?
Oh la la :P
Le fait de ne pas pouvoir virer peut etre un cauchemard dans certaines boites
Entre la nana qui se metma enchainer les maternités des le cdi signé, les incompetent membres de je ne sais quel syndicat,...
Il y a plein de boites qui engageraient bien plus si c'etait plus simple.
@@SylvesterStaline. j'avoue il y a des gens qui abusent, ça serait bien qu'il y ait des statisticien qui se penchent sur la question
@@sylver-d-bruxelles mon pere a eu une fois une directrice de magasin. Elle lui avais promis qu elle avais pas de gosses prevues, 3 grossesses plus tard en plus de deux ans et demis elle avais servit a rien. En plus tu dois engager quelqu un pour remplacer donc double salaire... pour une petite boite cela peut etre mortel.
Apres faut pas deconner c est bien les protections aussi, je suis tres loins d'un full liberal. Mais un reajustement quoi
@@SylvesterStaline. j'avoue là je la vire...
@@sylver-d-bruxelles c'est presque impossible, tu risqueras de payer plusieurs milliers d euros voire dizaine, plus les prudhommes ect
Pas pour rien que parfois certains patrons font gaffe avec les jeunes femmes et vont preferer des jeunes hommes ou des femmes dans la 40/50aine, c est pas toujours du machisme.
"While the French have a lot to be grateful for, not everything in France is Oh La La !"
I don't understand, what does "Oh La La !" is supposed to mean to you people ? Because this has no sense to me. "Oh La La !" can mean "How unfair", "Holy shit", "How Boring", "How surprising" or many other things depending on when and how it's used, so... I don't get what you mean't there.
All in one, this is a quite ideologically oriented (capitalism-friendly) appreciation of the reality, even if not entirely false.
Oh la la sounds like..... I dont know..... "Elegant" to most non french people
@@slurpii4669 in fact "oh la la" has a simular usage to "damn" in most cases
"Oh la la" is often followed by a sigh
@@fixhero2273 yeah it isn't a perfect translation but it does the job, "oh la la" is slightly more annoyed while "damn" is a bit more on the angrier side. Still "oh la la fiston" is something you might hear in real life (but honestly some kind of swear word like "putain" or "merde" is more likely to be used in this situation)
very interessing documentary, I'm french and I very like the country, it have allow me to learn many things I like, I have good moments despite sometimes problems
1:47 That's art, man! Not porn...
Tell that to youtube.
TH-cam allows indigenous tribes to be naked because it has no pornographic intention. So that picture must be OK too because it is an historical art. Americans are often oversensitive to naked female breasts 😁.
@@walterhighwood3209 you can also view women giving births on youtube..
@@walterhighwood3209 indeed... the little mermaid of Disney was about to be censured because of the movie's banner... American censorship viewed the background of it as... A jungle of dicks... Not kidding 🤷♂️
That’s literally the symbol of liberty and he says that’s « porn ». I literally have hundreds reasons of why Americans are not freedom (like basically the fact that the Statue of Liberty is French and that hamburgers are German) but anyway.
Our French brothers are strong like us for a strong Europe. Greetings from Germany🇩🇪🤝🇫🇷
Danke, aus Paris !
Einigkeit ist Stärke 🍺🇪🇺
Muslim brothers together 🇩🇪🤝🇫🇷
Brothers Muslim and not , we must do the better for peoples and preserved liberty and glory for us fatherland 🇫🇷🇩🇪
Long live the French-German friendship !
Yes we’re living in the beautiful country named Utopia ! Brothers muslims come to EU we will be bestfriend and happy
Great content. There are a lot of misconceptions or rather misgivings about the French labourforce, especially in the English speaking world. Yes, the legal working hours are lower than most other countries, but it is difficult to find anyone that actually works 35 hours. It's almost always more than that, sometimes by a lot. And on productivity, a case can be made that taking longer breaks and appreciating the little things in life can make you more productive, the French being a case in point.
It is sad that some people wear their habit of skipping lunch for work or a desk lunch as a badge of professional honour; judge the French workforce with those glasses and no wonder you will end up with a simplistic assessment of the people being systematically indolent.
Also, it would have been nicer if you had not focussed so much on Parisian visuals. There are other vibrant cities and towns that make for great visuals too :)
And of course ... **Oh là là**
Fully agree with you, it is said that French are more productive than Americans, even if the latter are working longer.
I know there are many beautiful cities in France. But I believe almost all the head quarter of big French companies are located in Paris. I think maybe it's the reason of them putting Parisian visials on this economic contents.
@@jamisonz3365 That's not so true. A lot of french companies (medium size) kept their headquarter in their region of origin. They only have the commercial / lawyer in Paris.
Y avait des visuels du vieux port de Marseille aussi 😎
ouais plus Lyon, Grenoble etc
3:36 No, french don't work 35h a week. They work more than this. Many business don't apply the "35 hours law". Many workers are doing "additionnal hours" and many others are not working on a weekly hours basis but on annual time outside of these, or even just on "results expenctancy", like "cadres" workers (technicians, ingeneers, management, etc.). Depends on their contract.
French are among the ones who work the most hours time in Europe.
in general additionnal hours are paid so dosen't change anything (and normally paid more than normal hours)
@@NinVisible bah si ça change tout car on parle du nombre d’heures travaillées
@@francois6355 non car
1) si tu veux travailler que 35h en general tu peux c'est juste avantageux pour toi de faire des heures sup
2) elle sont payer donc finalement ça revient un peux commi si t'avais 2 boulots
3) c'est la même chose partout et dans d'autres pays ça peux ne pas être payer (par exemple la suisse pays que je connais car j'habite a coter les heurs sups sont payé mais le temps de base c'est 45h et pourtant y'a quand même des heurs sups
@@NinVisible Bah t'es bête ?
On dit "les français travaillent 35h est une affirmation fausse", en justifiant ça par le fait que beaucoup de Français travaillent plus, et tu réponds "ça change rien qu'ils bossent plus" ?
Faut réfléchir, hein.
Ca change que le temps de travail moyen en France, c'est 37.5h, et pas 35, c'est tout.
@@Firth33300 bah si tu veux je reste a penser que si il veux un français peut travailler 35h et pas une minute de plus que dans les autres pays c'est la même pour reprendre la suisse on vas dire les suisses bossent 45h en plus ça ne change rien a ufait que la france est un pays riche
et enfin y'a même pas debat a avoir car on parle de durée légale de travaille (en tout cas dans la vidéo et là y'a aucun debat possible c'est 35h
Just a clarification on some of the figures. We (I am French) have 5 weeks of holidays, not 6. Not every employee works 35 hours a week. It is a law that applies only on companies that hire more than 50 people. If you work in a smaller company, you have to work 39 hours a week. The minimum wages are not as high as 1500 euros (earnings for people), it is closer to 1200, for a full time worker.
France also benefits of its geography and history : just the center of Europe, the greatest maritime area with French Overseas Territories.
Welcome to France !
Petite précision : 1500 et quelques, c'est le SMIC brut, 1200 c'est après impots sur le revenu et cotisations mais il a quand même plus ou moins raison
Rough translation : As a clarification, 1500€ is the brute minimum wage, before income taxes and the contribution to the social security/ retirement systems. The income tax rate being 22% and the other taxes taking other few percents, the real money a minimum wage worker gets at the end of the month is 1200€ (that's a bit less than 10€/hour before the taxes, so around 7.5€ after taxes). Being on r/antiwork, I am delighted to see it is nearly a livable wage (if you don't live in center Paris, obv)
1500 brut equals 1200 net I think that’s what he wanted to say
1200 a month?
@@jasonmiller3011 yes
I’ve never heard of that expression with the donkeys being covered in gold in France. But the rest is accurate
"Si de beaucoup travailler on devenait riche, les ânes auraient le bât doré" mais je suis d'accord que c'est pas une expression courante.
Surement une ancienne expression. Très juste cela dit.
@@ryomaanime4563 sa vient des champs, en gros comme les ânes tirait les charrette de transport et les charrue, donc faisait le travaille le plus dur, d’où cette expression.
@@theseriousguy3098 Aujourd’hui j’ai appris ce qu’est un bât d’où « c’est là que le bât blesse »
@@ryomaanime4563 c’est l’expression qu’on dit quand on a 8ans
3:44 "The minimum wage in France is 1554 euro" You have to go into a little more detail to understand this figure. In France on the payslip, there are two figures. The net salary and the gross salary.
The gross salary is exempt from tax. While the net salary is the amount of money that arrives in your bank account, after subtracting all charges. Therefore the minimum wage in France (net) is 1290€
EDIT :
Moreover, the gross salary in 2021 in France is € 1,554. Which gives a net 1193 €
the French complain about their salaries, indeed, but it has been 30 years since salaries have increased. When, on the contrary, the price of life explodes to him.
He may have been comparing France’s gross minimum wage with other countries’, meaning the ranking would be correct.
@@Attu9 I'm talking about ranking ?
No
I'm just saying that what a French really earns about the minimum wage. It is 1193 € and not 1554 €
@@enguerrand6117 the net is what you take home (and pay income tax on).. the 'brut' is a meaning less number invented by the gov to hide tax hike, on the so-called 'employer taxes' side.. the end result is the payroll cost to employ someone is roughly Twice the net. the difference. Net is roughly 80% or 'brut'
I confirm !
What I was going to write exactly.
Also I saw someone saying we paid taxes on the net wage. No. There is the "taxable revenue" too, which is the gross salary - a part of the taxes only. Which means you pay taxes on money you never saw.
To be honest we don't have to pay for things others have to pay for because of these high taxes on wages, so it's kind of an ok deal.
Last point : wages do increase but only on par with the average inflation. Though in the recent decades essentials' prices grew far more than many fringe products or products unrelated to general consumption, which means the minimum wage is actually getting less interesting every year that passes by.
God created France and thought that this was unfair to other nations. So he created French to balance out.
I hope you didn't steal this comment,but if you didn't that's the best comment of the comment section
@@abeloofrite9557 I didn't steal it but I've heard it many times ago :)
Parisians* x)
Not quite Andrey: France is the result of the French being very critical (life conditions, food), liking art so much, trying to optimize things so they can do the same with less work. The result is a beautiful country with "nasty"people who can be very friendly if you know the magic word "Bonjour". Also a surprising country exporting a lot without enslaving its people.
I'm pretty sure every french would agree with you.
Misleading on French work culture: the French, as mentioned, have among the highest productivity rate in the world and the image of 2 hour lunches and everyone working to rule at 35 hours is inaccurate stereotype. Australian and working in Paris for 20 years, so I know..
You say we complain and whine, but really that's something we take pride in and would never want to stop. A very famous French quote is "I disapprove of what you say, but I will defend to the death your right to say it". We don't see protests as a disruption of the order: they are a very important part of the system. If this system didn't include ways for us to improve it over time, then it would be a pretty shitty system, and we'd have a revolution or three about it. A big a part of our national identity is about how the government is here to serve us, and not the other way around. And it's not a lack of patriotism: what could possibly be more patriotic than to loudly demand that our country be as great as we think it can be? Our culture shows protesters as heroes, and that is a very healthy thing imo.
Only reasons our friends from the US have a hard time understanding this, is that from a young age, they are taught to start from the assumption that the US is "the best country in the world" and then go from there. If you're already the best, why go out of your way to improve over time, right?
Protesters are far from heroes in France. The issue with a lot of protestations here is that they do not focus on the right targets. In public transports for example, protestations from SNCF stops trains from working at all, which stops a lot of people from working, sometimes for their survival needs. What would be best would be to keep the trains working, but let anyone come and go without ticket regulations. Surely the loss of revenues would have more impact on the government than preventing their fellow citizens from working. Overall I think it's nice to have protestations allowed, but a lot are not done the right way.
Anyway, France is still a nice place to live in despite protesters.
@@sinnaysin9861 or better yet, the strike should be GENERAL.
@@sinnaysin9861 They can't, if they let people use transport for free, they could get serious problems; they don't own the trains, they are merely employees.
@@Siegdrifa That's the point. It should be the protesters issue to face the consequences of their actions, and only them. The peoples commuting through public transports have nothing to do with whatever the protesters claim.
@@sinnaysin9861 Being on strike is not illegal here, being irresponsible with the property of the state is illegal.
That would be like doing seppuku.
Great video.
I don't agree with the fact that due to the long hours of lunch breaks the French are less productive, in fact it's quite the opposite, the French labor force is the most productive on the EU, higher than Germany and the UK that work longer hours.
He said it at the end of the video, don’t worry 👍
It might be quite productive but the quality seems to be a lot lower than the uk overall and the price is more expensive all round
Itz Blitz do you have data about this?
@@jakegeer113 the price goes with inflation, and the quality goes with the qualification of the labor and the minimum quality to ask. The working time, which is lower, has a positive impact on the quality, from 40 hours of work week there is the beginning of negative impact on the work produced (and the average of the working time provided in France is 38 hours, 35H compulsory and in general 2H additional)
@@jakegeer113 look at the cars produced in UK in the past…..the general quality and management was so bad that they were forced to sell all
British car industry to the German, Indian and French companies.
I just got back three months ago from visiting France for about a week for the first time, including a few days in Paris. My daughter is working on a PhD in Dijon, so we visited Burgundy as well. I was really struck by all of French society, the people, the countryside, the history, the food the transportation/infrastructure, and I could go on and on, and dare I say it...the women (but that's generally true of all of Europe in fairness that I've seen as they really know how to take care of themselves). All this is also confirmed by my daughter who's lived there for 6 months in ways too numerous to mention, saying she never wants to come back to the US.
I was always a bit of a Francophile but had no idea how good it actually was. I originally visited Europe to see if I wanted to retire to Portugal, but gave up that idea, thinking if I wanted to retire anywhere it would be France. But it rarely makes "The Best Places for Americans to Retire" list mostly due to the cost of living, and that's a function of where and how one lives. There are so many myths and stereotypes that are patently untrue, for example I only encountered one unfriendly person and that wasn't even in Paris; just try to speak a few phrases of French: Say "bon jour", "si vous plait", and "pardonez moi" a lot, and you'll be okay. Then "Parlez vous anglais", usually gets a positive response. I'm sure it has a dark side there as well, but name a place that doesn't.
Thank you so much for you analyse. I like it because you are not like some tourists who goes one week in Paris and say "I have visited France" 🤦🏻♀️
the very dark side is french burreaucratie
Yess!! I'm glad you spoke about dijon as pretty much everyone mentionning france solely talks about Paris. I mean I get it it's the capital and most popular city; but it can make up for such a misjudgement of the country overall if peoples keep only focusing on it. Also kind of upsetting as a lyonnaise, because france is always mentionned as a country with good food(as it should) but Lyon is so rarely brought into the conversation whilst we are the gastronomical capital!! Besides, every regions have their own verry personal cultures and food as well which deserves praise too. I went to chambéry not too long ago and it was truly charming, such beautiful blue skyes and the massif des vauges was so beautiful irl, I'd definitely recommend you to go there if you can🥰
That’s the important trick. If you start with a french sentence, most French, even Parisians, will try to reciprocate when you switch to English
I'm afraid you've got your rose-tinted glasses from your week in France. A week in any country, even 6 months is not sufficient enough time to judge a country. If you haven't had to deal with la préfecture, take daily public transport, walked around at night, informed yourself on French politics which is saturated with right-wing populists-with a certain Eric Zemmour gaining in popularity who wants to impose what first name you can have, you haven't seen the bad sides of France.
I'm french and though i appreciate one has interest in my country, i also enjoy when the informations given are exact and not biased or totally wrong sometimes. For that reason, i must say that this attempt is far from the truth, or is , to say the least, an excessive generalization. As you may know, France is probably the world champion in developping general principles and laws but immediatly after, creating niches and exceptions. So the 35h / week, retirement at 62 etc...are not the general case, except for some specific sectors. As a citizen, the french has long understood that the relationship with the politics (supposed to represent us) can only be based on power relations/power balance, not by negotiations like in Germany...hence the potential trouble-making power of the strike
I’m an Indian living in France and I love it here. Though the Parisians are a little hard to socialise with, once you break the ice, they’re amazing. Love to all the French out there ❤️
Come in other région bro, in the North of France you will see all people are friendly !
I am a French countryman living in Paris and I approve this message
Southern France is love
C’est pas pour rien qu’en « province » ont dit « parisien tête de chien » ou « parigo tête de veau » 😂
❤
I'm french, and I aprove this video, but I never said ho lala :D
Wut das dat mean????
I have few French friends and they say ohh la la a lot 😅
You are a shame 🤧 oh lala
Maybe you do but you don't know it yet:) I found that olala myths stupid and when I arrived in Australia I figured out I was saying it, and not just a little..!
I'm french, and I say oh lala/oulala😂
I love how it would never cross his mind that maybe a fewer hour work week combined with good healthcare and job security can ease the mind of workers and make the hours actually worked more productive.
That is actually a pretty damn sad statement
Valid arugment, however his points were good as well. Appart from this... your comment is just pretentious and despising, I actually want to insult you just for these words "I love how it would never cross his mind..." Listen to what he said: "this is an endless debate with tons of different arguments". I am not gonna add a despising comment on your obvious political orientation, but I wish I were as disrespectful as you are, to do so.
The truth is , most people work a lot more than 35hours, but don't get paid for the extra hours.
@@1310up That’s what I was about to Say :)
@@1310up they get extra vacation instead. A lot.
You almost hit France on the head with the explanation but a deep dive should have included the fact that people work as hard (and long) as the work requires in France, just like other place around the World. Additionally, there are many professions (and work situations) that just don't take hourly work into account. That said - when the French are off work, they are off work and that, along with holidays being codified into law, makes workers in France more refreshed when they come back from holiday because they really didn't think or worry about work while on holiday. Additionally, actual household wealth is higher in France than many other OECD countries, in part because French have low levels of debt compared to other countries.
Le "forfait jour" pour les cadres :). My boss telling me "You have a 39h contract, but I expect at least 50h"
I agree. People say we don't work because we do 35h.. my ass I do 35h.... I do much more but paid 35h... I kinda agree that one thing good about france is really 0 debt. I just graduated with alternance masters degrees and have 0 debt towards my education or anything else. Is a big plus for a country with above average salaries like france. I still don't get the lunch breaks 2h.. for me 1h is enough, I think it's useless to make the day "longer" tho
Cadres who work overtime everyweek, I pity you. You feel you dont have the choice but you do. I know that I do just as much work every month, whereas I do overtime or not: you just work slower for longer times.
@@AdrienBurg it's not a cadre vs non cadre (translation to English - manager vs non manager) thing. It's a work needs to be done item for most positions thing. Some people have their 39 or 35 hour contracts and have figured out a way to work as little as possible and there are some cadre (managers) that are just stuck at work under crap management but most people in France work more to make up for those who don't work or just because they need things to get done. It is those people's work that keeps French companies competitive in a world where 39 hour (or even 35 hour) contracts exist, not to mention RTT.
@@donnorman6526 wait it's supposed to be 2 hours ? I've never taken 2 hours of lunch break... I mean I also only ever worsk in internship in a "bureau d'étude" but no one there did 2 hours lunch breaks.
There are many clichés in this videos about French employment: - -35 hours a week is not a maximum it is a reference number. the official average week is 40. But most of the employees don't count their hours.
-no there are no huge pauses at lunch and the productivity of the work is amont the highest, with USA and Japan. If you are to make videos about economics, please use sourced datas and numbers.
He didn't say that the productivity is among the lowest, and actually France have the 7th world biggest GDP according to the IMF. USA and Japan are the first and third one respectivly
Le SMIC est pas à 1k5 il est en dessous aussi je crois, mais le truc c'est le mieux ou peut travailler les "prolétaires" c'est travaille pour l'état être des fonctionnaires généralement il y a beaucoup plus d'avantages
Wrong 35 hour is correct unless your working in restaurant and hotels who got exemption from this rule which 39 hours there is no such thing as 40 hours a week if you work more than 35 hours upto 43 hours you get 20 percent more over 43 50 percent more let me give uou an example
I work 40 hours a week 36 hours Ian paid normal salary 12 euros a hour before taxes for the remaining 5 hours I make 70 instead of 60 then add bonuses like food which is typically on average 7 euros and I you do night shift like iam doing you get 0.90 cents per hour extra from 9 pm to 7 am so please for God sake stop spreading misinformation when you are less informed on a matter regardless of being in France or not
@@forbiddenknowledge210 bon alors.... Selon l'institut national des statistiques économiques (l'insee) la durée hebdomadaire moyenne de travail en France est de 39.1 heure pour les salariés à temps complet, 47.7 heures pour les non salariés à temps complet, 23.4 h pour les salariés temps partiels et 19.7 pour les non salariés temps partiel , en 2019. Et non les heures supplémentaires ne sont pas 'une exception" autorisée que pour l' hôtellerie restauration. Chaque convention collective en gère les modalités mais tous les salariés de tous secteurs sont autorisés à faire des heures supplémentaires.
@@forbiddenknowledge210 as for spreading misinformation : sorry i am just an economics teacher in business schools... Lol
3:50 "Correlation between minimum wage and employment rate" : wrong. And it has been proven wrong by studies.
The employment rate is correlated to the distribution of work time throughout the workers. Share the work time (lowering it), you increase the employment rate. Increase the work time for the capitalists to extract more value out of the workers work, you decrease employment rate.
Unemployment is just artificially maintained to not share the work and to keep the wages low.
Thank you.
For being French it's a very liberal analysis. when France economy has been always marked by a higher than average intervention of state into economy and durable lefts reforms that had not yet been completely dismantled by our recent liberal government making us having one of the best health care and retirement systems (even though state always can have a veto over businesses).
Yeah, the past and present governements are litteraly tearing apart not only health care but also education, security and more :/
@@thedefusingbomb9853 alas, the health and the education systems are being destroyed since at least 30 years...
@@diegochatard-caraballo5848 i know... Sadly part of ppl don't even care
Our health car remains in the world's top 7 ( and still one, if the most, expensive) , the gov extended it to the "reste à charge zero" wich is unic.
Stop whinning, you are validating the cliché.
@@philv3941 because it is among the best of the world means you can't say that it can be better !? Cmon man looking the lawn of your neighbors dosen't make yours more green.
As a French person I think you take a lot of risky shortcuts and jump to conclusions way too fast about a few things related to people struggles and politics in general. One thing you have to be very clear about also, is that Paris is in no way representative of France as a whole when it comes to employment, money and political ideas. Parisian people tend to look down on others quite a lot and are generally snob. Obviously not every parisian is like that, but still, it's a common thing. Which means living in Paris for a few months or even years (where wages are approx. 2x to 2.5x higher than other regions btw) will not be enough to understand how France works or what French people think.
You have to keep in mind France is one of the most highly taxed countries in the world too. Look for "social contributions" and how money is not invested how it should by the government anymore. Look for the price of gas. Billions are taxed every year from the middle class and just disappear never to be seen again in the system, and quality of services keep getting down and down over time. And the fact that our paramedics and related are only ranking 26th for wage in EU says a lot about the recognition crisis and the true struggles we have to face.
In the meantime, tens of thousands are trying to house, and landlords or bankers are getting hysterically selective nowadays, with borderline psychotic requirements. Which means for an average couple like mine, we can't move because it would require either bigger wages or permanent job contracts, which are both very hard to acquire nowadays even when you're qualified and doing fine money-wise.
Keep it mind when you try to get an appartment you're competing against 25 to 100 people on average.
Image of France from an international POV is mostly smoke and mirrors, with a fake shine to it, especially when it comes to French healthcare system. Come and live for a few months outside the capital, you'll see. Hospitals are being shut down month after month, and not replaced. Mistreatment of patients is also quickly becoming the norm, due to how poorly health and care workers are managed, and due to ridiculously low budgets allocated by the State. I would know, I'm a nurse. Again, keep in mind taxes are rising, and quality of services and budgets are dropping year after year.
Also you make it seem like wages are high, this is a lie. A very high percentage of people with a job live under the poverty line, and numbers keep growing. Social assistance programs are also very poorly spread and funds are smaller and smaller. Students cannot eat everyday. In the meantime ministers and officials have their wages going through the roof, usually 5 to 20x higher than the average worker and they keep pushing ultra liberal / globalist policies like relocating businesses which makes the process of finding a decent job harder and harder.
Unless you are the boss of a multinational business who makes billions a year, preferably a big lab, in which case you get an immunity to all taxes and keep getting richer while other smaller businesses are getting crushed.
Not everything you said is wrong, but you better go and discuss with real people in France regions, especially small businesses, to better understand what I'm saying. France is not what it used to be a few years ago, and is certainly not close to what is described in some "official" reviews. Disparity prevails nowadays.
Surely French have flaws, like complaining a lot etc. But keep in mind that it's precisely because we complain and fight for our rights that we have what we have today. French had to pay the price of blood more than once to repel tyranny and fascism throughout recent history.
Btw, believing that French say "Ho la la" is pretty much the same as believing that French walk in the streets wearing berets, striped sailor shirts and baguettes, while eating frogs. It's just fantasy cliché from people that don't know much.
Tu as tout dit vraiment bravo. Merci de remettre, certains anglais ou personne du monde anglophone, à leur place car ils pensent tout savoir.
Les clichés c’est fou, ton pavé est tellement stéréotypé 😂
Genre tu l’accuses d’avoir une fausse image de la France, mais la tienne est pas plus réaliste. Elle est pleine d’aigreur, et de mauvaise foi.
Je ne dis pas que tout ce que tu dis est totalement faux, ou illégitime. Juste que t’es complètement extrême. A un moment il y’a un juste milieu. Tu te donnes juste l’image, malheureusement trop commune, de quelqu’un qui critique, mais ne propose absolument rien (et n’a certainement jamais vécu à l’étranger de surcroît, car souvent c’est à ce moment là qu’on se rend compte qu’on était pas si mal en France 😉).
Tu viens lui donner des leçons de clichés alors que les tiens 🤢 mention spéciale à Paris qui se fait démonter… ça se sent que t’en as gros sur la patate 😂
Par contre très propre ton niveau d’anglais !
@@TheSharingan32 ce n'est pas un problème de critiquer sans proposer de solutions, c'est justement par la critique que l'on peut débuter sa reflexion sur un problème. En plus, ce n'est pas en se disant que c'est pire ailleurs, à l'étranger, que l'on peut se satisfaire du moindre mal. En effet, pourquoi s'arrêter au moindre mal, pourquoi pas le meilleur bien?
Pour finir la dessus, tu dis qu'il est malheureusement quelqu'un trop commun qui critique sans proposer de solutions, mais j'affirme que l'on devrait penser que oui, heureusement que les gens critiquent, car même s'ils ne donnent pas de problèmes ils les montrent, ce qui est essentiel pour les résoudre.
Enfin, les problèmes dont ils parle, à l'exeption de son image de paris, ne sont pas des clichés mais sont les raisons des grèves qui ne sont pas du tout abordés dans la vidéo.
@@TheSharingan32 Non vraiment, c'est pas tant un cliché que ça pour moi, je dis ce que je pense et j'assume. Concernant Paris vu que j'ai l'impression que j'ai touché une corde sensible, je précise que j'ai bien dit "certains", et c'était juste pour mettre l'accent sur un fait particulier, que les parisiens n'étaient pas représentatifs de la pensée française au même titre que, je sais pas, disons les habitants de Los Angeles ou de Washington ne sont pas représentatifs des idées politiques ou économiques de leur nation. Je n'ai rien contre Paris, ni ses habitants. Je ne suis pas frustré concernant cette question. Je reconnais que ma façon de présenter les choses est assez péjorative. Encore une fois, c'était juste pour mettre l'accent et attirer un peu l'attention. J'aurais dû prendre un peu plus de recul avant de marquer ça comme ça, sans doute. Merci de ta lecture.
@@mathieu4179 Rien a dire, très belle réponse. 😉
Oh la la😂🇫🇷
And I’ve never met anyone eating frog’s legs outside of tourist restaurants
@@clementbarbu6466 I know people who hunt and eat them. Cut in half alive. Quite horrible death.
@@clementbarbu6466 maybe not in Paris, but other countryside in France, it is not that uncommon
Ce mec prononce Oh lala : Ouh la la
@@berylho3288 lmao no mate actually almost no one has ever tasted frog meat in france
Oh là là
By the way you describe French unemployment you'd think it was over 10% or something but it's only at 8.1%. To suggest that their significant productivity rating on a per hour basis compared to others is a result of only the most productive members of their society working is a bit of an overstatement. Good info overall but you do throw a lot of your own unchecked biases throughout the video. From some of your statements you'd think the highest unemployment rates would be in Norway, Sweden, Denmark. But it's not true. That would be places like Bosnia and Herzegovina, Greece, Montenegro etc... Norway's at 5% despite having notoriously high taxes. Denmark has higher taxes than France and yet it's unemployment rate is at 4%, even lower than the US.
Yes. Unfortunately he uses the common liberal rules of thumb and leaves it at that.
That unemployment rate is a joke; it doesn't take into account people who are not looking for work, people who have occasional small gigs, etc. The real unemployment rate would be close to 20% (people out of work + prorata for people working part-time/occasionally).
The productivity per hour also seems weird, if the calculation is based on 35 hours work weeks then it would be wrong, as the majority doesn't work 35 hours even if it's mentioned in their contracts
Fully agree - when he says that companies export jobs to countries with lower corporate tax rate... that is just bias and that is just stupid, as corporate tax is payed in headquarter no matter where jobs are. Corporate profits have little to do with employees salaries and for companies they are costs that are excluded from taxation base.
@@adaslesniak 💯. Companies just base their headquarters out of a jurisdiction on 'paper' but have workers wherever else. Otherwise Barbados, Panama and Bermuda would have 20x the population they presently do. And they don't. Their operations tend to be elsewhere because, as nice as Barbados and Panama are, not many people would leave their friends and family to live there. But London, NYC LA etc? Diff story.
@@adaslesniak tbf it wasn’t cuz of corporate tax but rather employment tax
You definitively know the person who wrote the video never actually worked in France :'D
I love how they think that company would hire local people instead of cheaply outsourcing to another company that doesn't really care about human rights, that's why unions exists. It's also why it's hard to fire someone you don't like for any reason.
Lower company taxes are just because the government is from a (far)-right party. Companies do make more money, but employees don't.
macron far right , well thats an interesting information. Well of course if you are extreme-left then everything is far right and maybe the socialist party just center right
@@tayloryoung9803 He is to some french people. French government is from a right party (for France) and likes to please the far-right to be reelected. Don't forget that French use to say that Republicans are Far-far right, and democrats (far)right.
Each country has differents views about right or left.
Yes hired some cheap hand from the massive immigration supported by ? the gouvernement, which make it much more (far) left to me (and to a big portion of the population).
@@tayloryoung9803 😅👍
I’m French and I have to say that while we are not lazy, many of my beloved compatriots, myself included, work to live and not the other way around. The 35h week is (unfortunately) a myth a d most ppl actually work around 40h a week. I find it kind if fun to listen to foreign opinions on our way of working and taxing companies and I actually have a hard time understanding the anglo-saxons perspective of work that makes it a focal point of their life. I personally love living in a country where we tax a lot to pay for actually cool stuff like education, hc, … it’s too bad that ultra rich comit tax evasion and that middle/ low classes pay the prices but that’s why we’ll keep striking to achieve optimal social justice and minimal work weeks hehe
Limited output? Lmao France’s employee are literally the most productive employees in the world. But yeah sure.
Wait, really ?
@@mrworldwide7387 in capita per hour yes
Please watch the video before commenting...
As said in the video, France has a higher unemployment rate so ofc that they are productive. Fewer people are getting hired and only the best, making France hightly productive but they still work less then all their neighbor countries if you take the total rates and not the /hour rate
@@GabiMining We're talking a few % of employement above the world average, that's not enough to state "only the best are hired in france".
"limited working hours and long lunch breaks that result in limited output" : that is just not true. A lot of studies show that less working hours a week result in same output and even greater output since the employees are healthier and happier.
Ooh La la !
Oh La La !
Ooh La la
France's Rafales are so cool!
From India.
Edit: Well well, did I start a comment war?🤔
oh la la
Psst, we want to sell 2000 Rafales, do you want to buy it?
nah they're not, DASSAULT are the worst. they deserve a nobel prize... as in really nobel prize, a prize that has the name of the worst death bringer in the world.
@@guiserixsacha4520 ......... 3 words.
AMERICA! FUCK YEAH!
I won't disagree, Dassault enterprise is a death bringer. They make WEAPON, that's the business. But the whole US army is worse and Rafales are not the product the more used by dictators.
@@guiserixsacha4520 selling weapon is not the problem for me, the problem is to who you sell it, if we sell it to others countries to defend themselves or good causes it’s okay but we often sell weapon to country who do war crime/crimes against humanity with
Well I'm not really convinced.
The analysis is very superficial and based on mainstream economy stereotypes. For example "taxing employment to fund social security and retirement system is ridiculous."
I disagree. Lowering taxes on this and losing the benefits is supposed to boost employment (I don't think so) but it will be a disaster for most people. I assume your argument is based on the belief in trinkle down economics, which is known to be complete bullsh*t.
So yeah, indulging in judgement of such a complex system in a ten minutes video is something I wouldn't take a chance with.
My "social contributions" are 26%, I then get taxed on anything over 18k by around 11%. Iy is prohibitevely expensive to employ anyone, and therefore I don't. A lot of French people I know will take a contract for a year, and then claim unemployment benefits for the next 11 months whilst swanning about on a beach in a French dependency, then return home, get another contract, and so on.
I don't know what the answer is, but paying for someone to take an 11 month "holiday" grates.
@@johnfisher437 "claim unemployment benefits for the next 11 months" ???
In what parallel world do you live in mate ?
That's so full of clichés it could be a joke, do you know a total of 2 people for you to claim that "A lot of French people I know..." ?
@@PowerZordan I've lived here, this time, for 15 years, and before that for another 5. I know quite a few thanks very much, lovely people, when I see them. Now that chommage is going up to a mini,u, 1500euros, I expect not to see them much :-)
@@johnfisher437 1500 when unemployed, of course mate, nice dream world you have there
@@johnfisher437 The minimum chomage income (ARE) is 29.56€ a day quick math 901.58 a month (30.5 days average) and this is without the taxes (and yes the ARE has a tax on it). You might be mixing up with the minimum wage (SMIC) that is about 1500€ a month (brut)
"OH la la" , mdr il me fume. Personne ne dit sa a part très rârement 🥖🥐
Ca dépend. Si je vois un mec se viander, j'ai tendance à dire ça. xD
Complètement faux
@@Enuogyan je pense que sa depand des gens alors
Perso j’ai l’impression qu’on le dit beaucoup inconsciemment
Perso je dis plus Ho putaiiiiiiin ! xD
Yeh, we lowered corporate taxes, hoping that the unemployment rate would drop, but the companies just took the opportunity to pay their shareholders more ...
How surprising, it's like big machine as corps and firm just want to have goods figures, while people will actually spend the money and hence helps the local economy, creating works,which lead to need of workforce to create more goods to sell...
@@LadyMagolotta What he's saying is wrong though. That may be true for big business, but you can't judge business practices solely on what the "big dogs" are doing. Small businesses (50-100) have grown quite a bit, especially small factories.
Yeah French gov LOVES to tell us about the "trickle down economy" a.k.a help the super rich so they will feel like giving people morsels of their wealth, which was proven wrong countless times. The end result is they get obscenely richer and nothing trickles down.
@@mikhael636 Lmao with the CICE created by Macron under Hollande presidency, 1 job was created per 240.000€ yearly tax cut. Paying 6 people 40.000€/year and giving one a public job would have done the same. (except public jobs have other uses for society than making rich people richer)
Not really. Simply depends how relevant your job is. They're ready to pay insane amounts for filling empty strategical positions.
If a Firma wants to earn more, it needs to hire highly skilled employees.
The number of outdated clichés is staggering.
So if I got it correctly France has to erase workers rights, erase employer taxes and overall lower taxes. Also replace pensions with 401k HasMat, healthcare with Go Fund Me, parental leave with a breast pompe at your desk. Oh and how does deregulation work for you? We’ve heard that Texas has grown cold tourds self regulating businesses.
The beauty of liberalism or how to sacrifice the people's well-being for the economy while pretending it's for the sake of the people.
@@mr.meeseeks3074 spot on
Damn, people here really insulting my country
Pretty much what I got from the video. It pretends to explain France but it's just a pile of cliches. Fortunately he at least mentions the serious stuff in the end such as internal EU competition and French workers productivity. But trying to explain France in its current state without going deeper on certain subjects is quite ridiculous. I'm thinking about euro, EU, "strategist State" historicity, the various markets France occupies and what is their strength and weaknesses when it comes to exporting those products... In the end, I'm quite sure the average foreigner learned nothing from this video, since they already knew we worked less hours, had a lot of taxes, high debt, eat frogs and snails (lol no ?), plenty of tourists... Quite the easy content to produce indeed :p
Yup, I was like, « don’t you think treating workers like actual human beings is worth it, even if it causes more unemployment ? »
i'm half french and I work in France the minimum wage while true in some extent is a bit misleading, technically the employer pays around 1500 euros however you have to subscract 25% of charges that are taken by the state and you get the real minimum wage that a person obtains at the end of a month around 1200 euros.
Your minimum wage is the full wage. Except you're covered for your retirment and healthcare (and unemployment insurance and family benefits), still your wage except it is transfered in other type of benefits so you don't have to pay for it. These are not "charges" but "cotisations" and it is based on the communist principle, "everybody according to their means, to each according to their needs", it belongs to the workers for the rest of their life. It was designed by a communist called Ambroize Croizat and with 2 other communist they designed most of the modern welfare state from scratch after WWII. They were part of the government with other resistance members that fought in WWII as well to build what will be known as 4th Republic.
@@jeremiemarion3966 Almost sure you are familiar with "La sociale" and the work of Bernard Friot ;)
@@kevintoutcourt4164 Never watched it, but i'm familiar with the ideas.
lwork
pour 1200 ton employeur paye le double, il a des charges salariales
Hello, as a french, I found your video very accurate and found it good. But I would like to add that it would have been good to precise that the rate taxe of our companies is very unequal. Little and medium ones pay a lot of tax (enormously), and big ones (in %), pay way way less. It is also one of the keys to understand the dynamics of our economy.
By the way I susbcribed and will watch some of your other videos, thanks for your work.
"I'm from the Philippines but I really love France as a whole country hope to visit, live or both there someday .?!"
thank you!
I had some Philippine acquaintances, I never managed to get close to them :/
they didn't like me, I didn't understand why, but we talked more seriously and in fact, they hated the French.
Ducoup it makes me warm in the heart to read your comment :)
thank you my friend! and I love the Philippines
I am a big fan of your cooking, stock up for when I arrive :p
A little clarification when you talked about strikes : you showed images of crowds of people with flags climbing on statue and waving french flags.
This was not a strike, it was taken in Montpellier, i was there, and it was a celebration for winning the football world cup in 2018. The location is in the Place de la Comedie.
J’y étais aussi 😂😂😂
Strikes used to ressemble celebrations, but not anymore...
t'es cringe fréro tu viens casser tout le délire vraiment
Man... So much of this is wrong. As a French citizen, I can say that you've never asked a French person, or only asked wealthy ones. Right now a lot of people are living below the poverty line in France. Because of an excessive liberal ideology and politicians who idealize the EU, all the wealth is possessed by a small minority. But what is true is that France is indeed rich because of its people: they work a lot, and produce a lot of wealth. But it does not go to them lol.
France also has a tremendous immigration problem: to make it short, the whole world comes here to benefit from our health care system, which was originally created for French people, as a result of their contribution. Now, we have too many migrants and naturalized people living off social aids and healthcare, but not contributing to the society, like parasites: the French working class is getting its blood sucked from every pore.
Call me a racist if you want, but this is true. Just take a look and you'll see.
This comment need more likes.
Good review, though there is one major issue:
Neither lowering the employment tax nor lowering the wages would in any way lead to the creation of more jobs - companies would just pocket the money and give it to the share-holders.
Exactly. As evidenced by the past 15 years of right-wing governement.
Just a question, could the legislative wing just mandate it for the companies to "invest" that money for r&d?
Im asking because it seems weirdly natural to me, but no one does it (or they have and idk :p)?
@@AmanKumarPadhy okay so it basically already exists : it's called "crédit impôt recherche", which means if you invest a quantity of money into r&d, you will pay less tax. But that doesnt lead to more money being put in r&d, they invest the same ammount. But they pay less tax and give more to the shareholders. It's a common misconception that capitalism breeds innovation because they always try to innovate to be on top of the market, but it's actually wrong, france being an excellent exemple of why that is. What matters to be in top of the market is marketing, not innovation. The Credit impot recherche basically just drains our public money
nooooo you can't say that! companies care about their workers ;( they would hire everyone and we would achieve world peace.
A rare argument that I find it strange we never mention about unemployment rate is the demography of France in comparison with most of the other European countries, like Germany. France's population is younger with a higher birthrate so it needs more employs to be created each year, more than Germany that loose more workers that it gains each, needing immigration to compensate. The younger a country's population is the more the unemployment rate tends to be high. I read that with Germany's demography France's employment rate would be far lower than Germany's.
France’s economy is the second largest in Europe. Only Germany’s economy is larger than France’s. The UK’s economy is the same size as France’s and the two swap places frequently.
UK Is better than France
@@mrcarioca8046 better is subjective. Both are great in their own right.
@@mrcarioca8046 in which way? Health care? No. Good food? No. Good living? No. In which way and i will agree with you.
@@mrcarioca8046 you have 4 countries who represent uk, ok.france is alone, the street the highway the village. food .trains everything is big. uk everything is small and not develope.
It is to keep in mind that while Germany has a better economy it's population is also 83 million compared to France 67 million.
1:02 and You pay A LOT for that... I give 50% of what i earn. It's very difficult to be like "rich" lol
France is a great nation indeed. Love from India.
Thank you France loves India too
@@davidvincent5833 With the rafale for India, the Chinese and Pakistanis will avoid conflict. The rafale send enemies to hell in sleek and sexy supersonic flight.
Compared to India france in the Jardin d'Eden
@@slurpii4669 India's great, one of the smartest country on earth. India did a tremendous job after colonization and is one of the countries that are doing the best without falling into dictatorship (unlike China), I think it will take a bit longer than China but it's normal when you have a democacy , yet it's definitely one of the next great powers.
@@backintimealwyn5736 true
OMG! Payroll taxes? What are you talking about??? Calling taxes what is actually a contribution to the social support network you've just mentioned is intellectually dishonest. They are not taxes, they are the basis for the social support network.
Yeah, social cotisations =/= taxes. It's a vocabulary trick to made people think they should cut it off. Exept that you pay for what you got, I do prefer having a system like we currently have than an individualist, selfish, ultra liberalism system. Anyone who have lived a bit knows life accidents DO happen, you have to have a very very wealthy family to think you are protected from the consequences of it, and it represents what, 5% of the population who can realisticaly consider it ? And even them, at least in France, are not all selfish enough to want to break our current system to lead to a society where you have the spine to say to children their parents are not rich enough for them to pretend to have an education, or worse, to pretend to have the medical care they need. I can wrap my mind around regular people who think a social net system (or should I say, an inexistent social net system) like in the USA would be better than what we have.
@@LadyMagolotta As a "Oh La La" myself, I agree with you two. However, reducing the wealth tax was clearly a huge mistake from our government
@@thedefusingbomb9853 indeed. However, as Nacho Vaca says, what wewe pay based on our income is NOT taxes, it's contributions..
@@LadyMagolotta yeah unfortunately most of the viewers of this vid wont catch the liberal point of view that clearly leads this narration...
These things are just called Payroll taxes in English, it's the share of your salary going to the public system. It's a tax in itself since it is a "compulsory contribution to state revenue". If you think he willingly uses the word tax to induce the idea that it should be cut, you should improve your English then because it's just the most normal word to use.
Yes they are used for the social system but it's just how they are called, deal with it ¯\_(ツ)_/¯
If working hard made you rich, donkeys would be covered in gold!
I will be using this one
As a french, i find most of the messages are misleading and solely based of neoliberal rules of economy... And especially France does not work neoliberally. Most of the biggest private sector is held by the public investment (look at how the richest companies were built, Thalès, Dassault etc...). And tipically ideas Like unions have too much power, Haha, they are representing the people working, how and why would you skip what people think of your New rules...
France relies on the past for its wealth, if it had to start from scrath it'd be a substantially poorer version of Quebec.
Make a video on the Indian economy, I wanna know about the recession and projected growth rate from you, cuz of your amazing explanation.
Thank you 🙏
It's also very rich because of the ressources they are stealing in Africa like the gold you see in the Louvre or Versailles or the franc CFA which is a way to finance France economy from some African countries
I'm pretty sure France was rich and powerful way before having african colonies.
"France is a paradise filled with people who believe they live in hell": well, not really.
Yes French people tend to complain a lot, however it's not because they truly believe they live in hell, rather that they see the model which is developping everywhere is rather a less regulated capitalist system, with rich people becoming richer while paying less and less taxes (hence contributing less to the overall people's wealthfare), which is the opposite of the regulated capitalist system that made France rich and most French live rather well (Gilets Jaunes is the share of French starting to suffer most). Hence their pessimistic view on future.
Yeah… intellectual dishonesty at its maximum. GJ is as extremist as its representative on pple of France 0,5% on some election. Call it so democratic this so little part want to impose there view to all others. Maybe compare them to the so called 1% rich that posses 95% is a good irony.. laughable until violence ( always) begins, when anyone trying to federate their move is bullied by themself.. and they like to call themself “ Le peuple” . With this 0,5%, they should know this: “ What is exaggerated genome irrelevant “
@@didierleonard5768 on comprend rien
@@PlatypusPGM Si tu comprends pas l'anglais c'est ton problème, mais son commentaire est totalement compréhensible.
Je te conseil même deepl et un copié collé de son texte si tu en as le besoin :)
@@clementita54 je parle du commentaire de didier. C'est un charabia "Call it so democratic this so little part want to impose their view to all others" je connais deepl et parle couramment anglais. Mais la c'est le bordel on pige juste rien
@@PlatypusPGM ptdrrr on pige totalement, si tu ne comprend rien encore une fois, taff ton anglais. Ou utilise un traducteur?
Just to make it clear, the 35 hour week doesn't apply to every job. For exemple executives do not have a maximum number of hours per week!
Legally, for everyone, execs included, it's 48h/week if you go on a weekly basis.
If not, for most execs, there is the "forfait cadre" a yearly 218 days salary (43.5 weeks)
The rest is done for free and unnofficialy - call it volunteer work, if you like working after 8pm and on week ends, your loss.
Yeah but they got 10% to 50% advantage on salary for working more than 35h per week. Not count the executif that has very good salary. 35h means the standart.
35h/ hours is not enougth if you are earning about 10 e / hour.
1200 e / month is ridiculously low : you cant make any savings.
@@l-esprit_de_l-ouest and yet french people save more money - as americans tends to borrow much more, living on credits (the use of credit cards and debit cards are the perfect example of this difference in mentallity). Or are you saying that the lowest income in the US can make more savings? Also, french workers too can have complementary jobs (as auto-entrepreneurs)
@@ringsaphire The average worker will work around 38h/w iirc, not 35
So yeah, 35 paid the minimum is not enough
Hopefully nobody watches this video in hopes of learning more about the French economy because it might just be the most biased, inaccurate and underdocumented "take" I have seen in a while. Did you base this off of your own preconceptions and a few Buzzfeed articles?
What isn't wrong is an abusive generalization in this video.
It's not only taxes, it's also contributions that fund the unemployment fund, health insurance system, so in the end, it can come back in the pockets of the citizens.
If you for example, I don’t know, have a very big car accident, and you’re highly injured, well you won’t pay anything, because it’s already taken from your salary, not like in USA.
And of course it makes the roads that you take every day to go to work (and hospitals and public buildings)
Also African countries
It also funds the thousand of illegal immigrants, the legal immigrants that claims to be unemployed while having a job, the tax evaders, no wonder they run a very large deficit... their social system doesn't always help the one that deserves it !
@@charakiga No, the roads are payed by the taxes, and your health by social cotisations. Two different things.
It's always interesting to see how France is seen from abroad. Thanks a lot ! I still have a feew coments, as an insider ;). French unemployment derives also from the fact that we don't have zero hours jobs like in the UK or Japan. We don't have people taking a board telling you where you can wash your car etc. High productivity is also a factor to be emphasised. I read once that if France had the British productivity, we would have 4% unemployment. For the comparison with Germany it is also different. France is a centralised country and it's true about political as well as economy. So the state always plays a strong role in "driving" our economy. The lesson about that is that France is not very fit for UE liberalism point of view, which imposes more a german approach, largely decentralised (and then initialy more in competition, which is still different from "competitive"). There is also a lot to say about the maxim "lowering costs to improve competition" (or to lower unemployment). I agree with the idea that France has a sort of "art de vivre", and I recently realised that this is actually what the 90millions tourists come to experiment every year. I agree then on the fact that we may wonder whether this is an issue, while it contributes to our soft power as well as many of our industries (tourism ans luxury mainly). So, I would conclude in highlinting that France has always been stronger when the state was giving strong economical orientations, like with De Gaulle (I'm not especially a fan but this is a fact). I don't say for other countries but liberalising our centralised economy is just making things be worst. If we structurally have more public services, and more state governed super big companies but all working well, what's the matter of changing it for a model such like that of our neighbours ? They follow their own intuitions and are big enough countries to support it. Let's us accepting doing the same. This country is not better than other, but it is definitely not as bad as everybody makes us believe. 🇲🇫💙🤍❤️ NB : I don't blame the EU, I just believe some of its rules should be requestioned with regards to the low benefits it produced for nations. But this is politics, we should be able to calmly discuss this 🇪🇺💙💛. I wish Germany, France, Italy and other continental big economies (the UK following it's own uncertain brexit way) would cooperate strongly but with the glasses of the 21st century, not those of the 1980s. The world has changed, lets get stronger together instead of weaker together.
I really like how you synthesis France's situation.
I also like your synthesis , but i have to desagree ( as a french ) on the eu part: every contraigning rule we had those past few years again our economic system where from the EU agenda .... And the EU as it was made is not going to change around, not for a long time , not for the only sake of france......
Hi @Mask. Thanks ! Your coment is also relevant and I don't think we "desagree". We are just not exactly on the same line (which is different ;) ). Once more, this issue is a political one. European Union does not make sens without Germany or France. So, it abusively gives us the extraordinary power to shape it. Trump and many other roughtly showed that international agreements were only holding on good behaviours from every parts, but were little constraining - as long as you are a "core" element within it. This is the case of France within the EU. But you may still argue that the UE is constraigning, and you would be right. Being part of it is a compromise. Now, I am 100% sure that France would be weaker alone. Nowadays, we are only a 67m people's nation facing a more and more challenging world. This is no longer the time when technological advantage generated anomalies such as France's super power in the 18th and 19th century - which, besides, I don't regret for what it cost to many other nations. Great Britain logicaly faces a rather similar declassing feelings and struggles with it. Brexit derives highly from it. But in the future, British will experience tough negociations in 1 to 1 with China, the US, or even the EU, and I am not sure lonerider social and fiscal dumping will hold long. If I should synthetised my digressions in this coment, I would say I believe the UE is a golden cage but still a cage that we can shape to fit a little more with France's economcal and political traditions. We have to find a new compromise (as I said, in the light of the 21st century, not the 1980's, when economic liberalism was seen as the logical horizon), more respectful of our aspirations as well as those of Germany and Italy for instance. I dream of more harmony, brotherhood, and mutual support between european countries, and this - in my view - is only attainable within EU. But anyway, this is a nice discussion, let me know your point of view if you want to develop it a little more. A plus !
@@killer1233243 EU agenda is made by France too. Blaming EU is a common practice in Europes for the leaders to avoid the blame. EU commitee is made of the presidents of the countries. They basicaly decides things there so they can blame EU and not have a debate in their own countries.
@@odje6566 So France is weaker alone but we're constantly told we destroy the climate and planet on our own ? As I say to every EU(RSS) lovers, make up your damn mind ! Either we're so weak that we need to be part of the new dictatorial block of the era, with all the suffering and loss of culture it entails, or we're not since we can destroy the planet on our own and so we need to be left alone ! Also, if we're so weak and little, doesn't that make us a minority ? And aren't minorities set not to be oppressed and culture canceled ? Thus does it mean we have a right to be offended on every little thing, threaten others and be violent to anyone who doesn't respect our way of doing things ? Does that mean we can answer the EU with violence and accuse them of colonizing and stealing from us to maintain their own riches ? Which is it in the end ? The way I feel it we're stuck in a "head I win, tail you loose" bond with EU and most of the world ! It needs to stop ! It can't be all take and no give ! What the anti-EU want is that you make up your fucking mind about what we are to you and so we will react accordingly ! But if we're weak and stupid and our culture is worth shit and all without you, then you are acting colonialist and so you deserve the hatred and backlash.
Oh btw and how do the other countries in the world deal without saintly EU ? And do not talk to me about USA and China who were basically born of an amalgamate of states/kingdoms that they can barely (or on the contrary they strongly) keep in check and which will one day break apart as surely as continents do. What do other countries do ? Yeah they get into agreements and unions with neighboors but how far does that go ? Do they have to rub their forehead to the ground ? Deny their culture ? Ruin themselves ? Or do they get to denounce and leave and give fucks when it doesn't suit them ? Are they made to apologize ? Well it's not working in any case, whether it's asked or not, politely or not. And how many of them get accused of ruining the planet on their own every time they gather to discuss prices and diplomatic efforts ?
How many times will we have to say it for it to go through your EU addled brains ? We want to be left ALONE ! We want to be ourselves, not what any one of these idiots want us to be ! Germany, USA, China, whoever wherever ! Do we discuss how they should be ? Well the EU goons do, but the people ? Most of us DO NOT GIVE A FUCK what your country did, what color your people are, how you save the planet or not, how you do gay or not, how this, how that, if you went to war, if not, if yes, if no ! WE DON'T CARE BECAUSE WE HAVE OUR OWN COUNTRY TO CARE ! And we're tired AF to be disrepected, called invaders-this, planet-killers that, and ist ist ist ! We want to take care of our own ! And be shown respect ! And if not we want to be able to complain about it and threaten war and nukes about it ! The EU oppose all that ! They want us to be exterminated as long as it's not them or the US or China ! That's why we want it to go down ! As the rest of the world proves, you can still be strong, make alliances, exchanges and all without having to be the bullied kid in some fucked up twisted classroom !
That's a really nice video explaining really well how everything works, everything is true and I can't deny it as a french. But one thing is wrong in your video : You talk about France in general in the whole video, but you show us only footages of Paris, which doesn't represent France at all. In France, the biggest city is Paris, with around 2 millions of inhabitants, but the second one is only 800 thousand.... The gap is so insane that Paris doesn't represent France at all, it's like saying that UK is London.
that's false i saw a picture from Montpellier on the "place de la comedie" and im at 2 mins of video and in can't agree with the quote "The soul of Napoleon BONAPARTE lives in them" nowedays people in france are more and more individualist and it's hard to find pride to be french you can be insulted if you put out the french flag if it's not during big sport events...
"Vive-la-France"
Love from India 🇮🇳
btw its vive not viva
@@arma5166 oh thanks 😀
Wtf, you have my name
@@rameshraju4784 yeah,where are you from
@@hypocrite5873 yeh bhi thik haii😂
8:44 a yes the snail and frog leg 2 meal that 99% of french never even saw.
99% of French ? N'exagérons pas beaucoup de français connaossent et en on déja mangé
@@ChachouLP Connaissent oui, mais mangé j'en suis pas sûr
France is rich 100% due to continued colonization. It would be extremely poor if it were not for stealing raw materials in Africa and the CFA currency in west Africa. (literally stands for franc of French Colonies in Africa)
@@yanns5047 then why does it continue and why does France have military, assassins, and spies in Africa? This is all documented.
@@yanns5047 France wouldn’t have military there it if didn’t directly benefit them. Would you work if you didn’t get paid for it?
The way You pronounce Renault tho. Im Polish and it still hurt.
I told you that this channel would explode when you only had 20sub.
thank you for the continued support 🙏
Good bet
This is a good video regarding France's economic aspects but there are a few assumptions on the social reasoning that are just not true at all.
Low working hours were fought for to respect human well-being, and avoid abusive management of employees, to care for stuff lie burn-out etc... Reducing the reason we got them to because we like our "joie de vivre" makes it sound more frivolous than it actually is. People commit suicide because they work too much.
When you say "the most productive people get hired, while the others are unemployed" you assume that employment is directly caused by a person's attitude and they just have to blame themself for not being good enough. This is a myth that comes from a liberal and meritocratic philosophy of labour which has nothing to do with reality. For one, there are more unemployed people than there are jobs available in most fields. Then, humans being human, relations and social connections and how you look often get you faster employed than doing tons of job applications. Which has nothing to do with your actual productivity or qualifications. Next, like you said, companies hesitate to hire, and are even executing plans to reduce their HR (while maintaining the same productivity which is bonkers, also causes a lot of burn-out and suicide) not only because it is difficult to fire someone but also because tax rates on employment are over the moon.To employ someone in France it can cost you up to 2 times the employee's salary. Oh and also because of their own greediness since a lot of those big companies doing that already do tax evasion thanks to having their siege in Ireland or any other low-tax EUCD countries. There are a shit ton of laws that protect the employees and businesses the wrong way and contribute to this state that need to be changed to facilitate the employment market and the expansion of small businesses.
Also by talking about unemployment that way you make it seem like 25% at least of the french are unemployed. Actually, it is around 10% (I'm giving a large estimate compared to the true displayed stat which is 8.1% because the INSEE did not account for certain categories of citizens that are in a grey area regarding employment).
Presenting the lowering of minimum wage as the most logical solution to fight unemployment and saying you can't do it because the french wil cause a riot is also a fake assumption. Countries in the EU (noticeably Germany) have used this method to correct their unemployment rates, but what they take away from these stats they add to their poverty and homelessness rates. It is like giving only painkillers to cure a broken leg. The french won't protest because of the lowering, but they will because of what it implies and actually does to the country and people.
French aren't lazy, or obsessed with "joie de vivre", they just keep track of what the government does and reminds the government of who it is supposed to work for. Although it had little success these years, because Macron has been reducing social measures and favored the rich's tax evasion and repressed the mostly peaceful (although agitated) opposition in the streets violently. I focused on unemployment but it extends to the rest as well. Don't assume that the people of a country are fighting just to maintain lazy habits and that we live in a utopia where everyone gets what they deserve. Also, don't assume that every citizen in France will protest with the others against the state as one united people. This comment is already too long, so just know that protesting in France is a just as messy and chaotic democratic (but necessary sometimes) process as anywhere else in the world.
There is only one reason, and one word as to why France is rich:
AFRICA
Hit it the head. This video is about wealth management not origine.
For your information: the picture you used to illustrate The (1789) Revolution…. is in fact related to the 1848 revolution!
Révolutions are a thing in France…. We make one about every 50 years… and BTW we’re late for the next one, due in 2018!
Hum, so the yellow jackets would have been an aborted revolution !
@@despaney The yellow jackets are…. Business as usual!
You're actually wrong. It has been painted in 1830 and refer to the "three glorious"
@@louiscollas8167 My bad….. guess I missed that one!
I will always be amazed at how economic channels and videos like this one will mention how “higher wages bring hardship to small businesses” while completely ignoring the fact that those same high wages -especially so if we're speaking about minimum wages-, are the reason why people may have the money to spend on the services of those same small businesses. Go figure out how a small cafe can stay in business if everybody's too busy trying to survive paycheck to paycheck.
I'm an Indian living in France and "voila" I approve this video
How do you find the place?
@@unknowninfinium4353 its very interesting, France and its people always welcomed me for the way I am ...
@@seba81376 what do you do there ?( he means to ask that)
Where in India?
@@normalhuman6581 Google.
Dire que la France est riche , c'est une grosse erreur . Une bonne partie des français vivent avec le smic pour s'occuper de plusieurs enfants . On a une taxe de 20% à payer sur presque tout nos achat , l'import va coûter plus cher d'ici quelques années et tout pleins d'autres problèmes à venir . Le seule truc qui est au dessus et qui peut être envié par d'autre pays , c'est la carte vitale .
Je ne suis pas à plaindre dans mon cas , mais ce serait bien de dire la vrai vérité au lieu de voir que paris et les marques de luxe .
j'habitte en france, mais je suis anglais. I love it here, but as far as work goes there are less opportunities; as people tend to stay in their jobs longer. I can only write as someone who lives in a very rural area, but I am not complaining, as the French are lovely people x
Will you do one like this for Russian Federation in future?
the Raven will fly over Russian Federation for sure!
@@EconomicRaven Thank you in advance for future flight and now for answer!
I would just add one specific thing I wonder about, that being how makroeconomic picture looks very good in Russia, low debt, trade surplus, government generally having positive balance, and large reserves and funds, so I wonder how can thay use that to increase quality of life of citizens in future
In reality when you live in France :
- free school is horrible and does not allow high studies
- the health system is not free, it is deducted from salaries directly, and to have free care in France you have to take out additional private insurance, as in many countries.
- the retirement age is an average, at 65, many have a retirement not exceeding 60% of the minimum income of the country.
"35 hours"... in theory. I stopped counting my hours x)
Because you either are working for yourself or in a tiny /family ran company who is much more into compromises .
In larger companies it is 35 hrs and my friends who are managers do not do more in the office (some do more as they can finish some work from home ) but for the non managers it is precisely 35 .
@@kingk2405 > but for the non manager
Here's my problem
@@kingk2405 no, most white collars work a lot more (sometimes up to 80 hours) , they are different working contracts, 35 hours are normaly just for blue collars and they often do extra hours. It's only that the extra hours must be compensated 10% . It's not forbiden to work more than 35 hours/ week , and the employer can impose extra hours on a short notice.
@@backintimealwyn5736 Allez faire un tour à la Société Générale ou chez AXA ...à 17 h y a plus un chat !
@@kingk2405 oui et alors, qu'est ce que vous faites dehors à 17:00 vous, monsieur le grand contributeur?
Lol you censored the delacroix painting which btw doesn’t represent the French resolution but another one that happen in 1830
Wise advice : Do not listen to people blindly. Go to France, to the cities and to the countryside to make your opinion. Discover the people that live in here, learn about them and how they live. You'll see France is a wealthy country, but not everyone is rich.
We love you france!
From Northern Ireland
And love you too Northern Ireland!
From France
J'approuve
Please keep this up. I love your premium content. Hopefully we can see more content on emerging economies as well. Eg Nigeria, Indonesia, Malaysia etc
We will cover the emerging economies too! Thank you for the support 🙏
@@EconomicRaven Yeah do Nigeria, a world void of whites should be your title ( it'll get so much clicks trust me, and it's true and accurate.)
Because they stole better then other countries in the recent centuries 😂
Vive la France, vive l'Europe, vive l'oxydent
Tu voulais dire l'occident ?
@@badiulalamhimel3541 je crois que c'était fait exprès 😂
ET VIVE LA REDUCTION !
@@guiserixsacha4520 Mince, j'allai la faire 🤣
@@Enigmashoot .
Just a classical economic analysis.
Business good. Unions & help for the poor bad.
Not a very interesting video, I find.
Agree 100%. He didn't grasp the french system at all. Like all ultra-liberals, he cannot understand a country's economics based upon solidarity. Very poor thinking, like often when about France.
Lmao this is the most american video about France possible... Such bad takes about every key point cited
Imagine someone from the government making a proposition for lowering the minimum wage. 😂😂😂 The French will be taking out the guillotines five minutes later.
We sharpen it every morning just in case 😅👍
I'm french and I say "ohlala" everytime ... i'm such a cliche, but that's ok, my doctor said it was curable
Like me, an Italian, who always says "mamma mia"
@@mr.g812 Good luck bro because i'm french and all i say everyday is"baguette baguette hon hon hon"
As an Armenian, I'm impressed by the impressive economic growth that France has achieved in recent years. With a diversified economy and a strong focus on innovation, France has become one of the leading economies in Europe. It's inspiring to see how France has successfully leveraged its strengths in industries such as aerospace, technology, and luxury goods to drive growth and create new opportunities for its citizens. Congratulations to France on this impressive achievement!
This country steals from the Africans and enrich themselves! How did they get so Rich?
Vous continuez à le croire avec 3150 milliards de dette ? Et un déficit du commerce extérieur gigantesque ?
And the most visited country in the world. France is sure lucky
By the way, "Ooh lala" used in France means, "Someone just fuc%ed up"
Both
Why is France so rich?!! Well ask Africa
Well, at school, we have 7-8 hours of class per day, from 1rst grade until 12th grade except for Wednesday ( 4 hours) , so i think it's fair to have smaller hours a week once we really work
There is one minor error in your explanation, there are no "employment taxes" in France, the employer only pays wages but, and it is also misundertstood by many french, the wage contains a big part of insurance payment that is allocated to the global welfare system.
This "defered salary" as it is called in french, allows you to get unemployment, illness, maternity leave and pensions covered without having to take risks with placing your money.
About the productivity per capita, the difference between global productivity and productivity by hour is often forgot.
In any job, the productivity lowers with the number of hours you worked straight (100% the 1st hour, 98% the second, etc).
France chose to limit the number of hours per individual to distribute it over many people which increases the global output but with a cost (as wages could not be lowered to compensate the hour reduction, they froze for many year to fill the gap). As the misconception persists, investors keep thinking working less is less productive (true at individual level, not at the company one)
Finally, maybe one key thing is missing in your video to understand France. This is a purely socialist country (even if many french would not admit it), even the more liberals and right-winged people do want a socialist country (many public services, high welfare, etc). Even in the right wing, candidates who disagree with socialist values in primary elections loose a part of their electorate in the process.
Agree for the begining, not the end. France is not socialist, and a strong welfare state ,even based on distribution and not capitalisation, isn't socialist. It's not an enconomic democracy, so it's not socialism. A public sector is not socialism either.
@@Ronor Your conception is based on what was originally called socialism, which evolved into several communisms : Marxism, Luxemburgism, and so on.
Nowadays socialists movements are not based on common property of the means of production anymore.
Being Syriza in Greece, LFI in France or Bernie Sanders in USA, they all fit the same intentions :
_nationalize what is the most important for the well-being of peoples (mostly what cannot/should not be opened to the free market : transportation, medical, education, police, etc)
_reduce, if not eliminate, capitalistic behaviors like speculation, steal of the workers' production (aka dividends), and so on
_some price controls to prohibit abusive market positions
_finance the unions to help defend the workers
Pure economic democracy, whether being from state planning or common ownership of companies are only proposed by communists movements (either anarchists, democrats or authoritarians)
On many points, France is still a socialist state (but moving fast towards pure liberalism) :
_2 years ago : energy prices were still set by the state
_rents still partially are (and it increases)
_speculation is taxed (the less time you kept a share the more you are taxed)
_transports remains mostly controlled by state
_unions are financed by the state
_etc
@@alekshar9690 That's social democracy, not socialism. While reducing the worst effects of capitalism, the vast majority of the economy is still capitalistic. Moreover, none of theses new party call themselves socialist (LFI, Podemos, Syriza, die Linke, not a single Socialist party)
Let me save you 13min of your life
The answer is : COLONIZATION
No.
@@yurigagarine6998 lmao, if u say no then u for sure are living in a 1st world country, and u r learning wrong history unfortunately.
@@globalmyths6580 no I live in France, which is the 3rd world.
Can you make a video about Nigeria, specifically how the reliance on the oil industry affects the economy?
the Raven will fly over Nigeria soon!
I'd love to hear your take on South Korea!
the Raven will fly over South Korea soon!
@@EconomicRaven
Taiwan too?
@@EconomicRaven yes please and also about Bangladesh's économie too
« Oh la la » You know that in France nobody says « Oh la la » it's the same thing for « sacreblue » nobody says it in France, everybody finds it ridiculous. 😅🇫🇷
Great quality video, compliments from italy😉
Thank you 🙏
Congratulazioni fratelli ! Siete campioni d'europaaaaa🇫🇷❤🇮🇹
Italy when? I find theyr economy too weird how it fell so quickly.
the Raven will fly over Italy soon!
Basically Italy had a lot of uncompetitive small enterprises, which were generally living off public spending.
As the Lira had the tendency of devaluating, it was tied to the other european currencies (European Monetary System) and afterwards the Euro was adopted. The unflexible exchange rate and, afterwards, the adoption of a strong currency (€) was one of the reasons for the lack of competitiveness in the export sector for many italian firms, while some of them used to survive thanks to political ties.
With the 2008 crisis a lot of these companies went out of business because of the credit crunch and the austerity measures. The other ones are still good at exporting but they're not hiring young unexperienced workers. On the other hand big firms stopped hiring and investing too and graduates struggle to find stable employment.
The austerity measures hit the public sector hard, especially scientific research. There are (and also were in the '90s) experienced engineers who are out of the industry, while the younger engineers move abroad.
I don't think the current pandemic is a big issue because it hit some less-strategic sectors like hospitality, while strengthening logistics and e-commerce; there's an article by FT which says that Italy exported more than France and Germany during the pandemic, because entrepreneurs discovered online platforms to sell their goods (LOL). I think Italy will recover from the pandemic, but the last decade was terrible.
Note: in this comment I am not saying that the only problem was the Euro, but the lack of competitiveness due to the crony capitalist culture, which has come out with the €.
This is very biased. People don't actually work 35hours effectively. It's closer to 39-40 on average. Unemployment is higher than Germany because Germany has a lot of part time jobs paid pennies, etc. You sound like a Neo-liberal textbook and I'm only 4minutes in. Edit: you just said unions have too much power and lunch breaks ruin productivity. Wow.
35 heurs is no longer a reallity.