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Trivia Tidbit Of The Day: Part 77 -- France's Economy.

STAGNATION VERSUS ADAPTATION, FRANCE VERSUS AMERICA-

...not a single enterprise founded [in France] in the past 40 years has managed to break into the ranks of the 25 biggest French companies. By comparison, 19 of today's 25 largest U.S. companies didn't exist four decades ago....

There are 2.5 million small businesses in France, each with anywhere between one and 250 employees. They generate half of France's economic output and employ two-thirds of the total working population of 27 million, according to the National Institute for Statistics and Economic Studies in Paris. If every one of those small businesses hired just one more person, there wouldn't be any unemployment in France....

According to the Organization of Economic Cooperation and Development (OECD), taxes here make up 48 percent of the cost to businesses of paying the average production worker. Among OECD nations, only Germany and Belgium impose higher payroll-related taxes. In the United States, taxes on the average production worker account for only 29 percent of labor costs. For a fraction of the amount paid to unemployed workers, who receive 54 percent of their previous pay for up to two years, the French government could provide incentives for employers by easing taxes on new hires.

Source:

The Washington Post.

Previous trivia tidbits:

Part 1; Part 2; Part 3; Part 4; Part 5; Part 6; Part 7; Part 8; Part 9; Part 10; Part 11; Part 12; Part 13; Part 14; Part 15; Part 16; Part 17; Part 18; Part 19; Part 20; Part 21, Part 22; Part 23, Part 24, Part 25; Part 26; Part 27, Part 28; Part 29; Part 30, Part 31; Part 32; Part 33; Part 34; Part 35; Part 36; Part 37; Part 38; Part 39; Part 40; Part 41; Part 42; Part 43; Part 44; Part 45; Part 46; Part 47; Part 48; Part 49; Part 50; Part 51; Part 52; Part 53; Part 54; Part 55; Part 56; Part 57; Part 58; Part 59; Part 60; Part 61; Part 62; Part 63; Part 64; Part 65; Part 66; Part 67; Part 68; Part 69; Part 70; Part 71; Part 72; Part 73; Part 74; Part 75; Part 76.

Daily Trivia Tidbits cover a wide range of topics, and they're usually not trivial at all; you never know what you might find. Stay tuned to WILLisms.com for more.

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Posted by Will Franklin · 14 June 2005 08:32 AM

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