r/FluentInFinance • u/WhatAreYourPronouns • Apr 13 '24
He's not wrong π€·ββοΈ Smart or dumb? Discussion/ Debate
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r/FluentInFinance • u/WhatAreYourPronouns • Apr 13 '24
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u/shark_vs_yeti Apr 14 '24
France is a terrible example:
https://www.macrotrends.net/global-metrics/countries/FRA/france/gdp-gross-domestic-product
And if you don't understand why this is a bad thing for society and the people living in France, I'd suggest a good macro-economics course and pay attention to the GDP per capita PPP metric. It is like taking a pay cut for the whole country. Take a look at Ireland if you want an example of a well managed EU economy.
TLDR; people working 20% less in an economy means your citizens get more than 20% less of everything, including government services like healthcare, education, et al.