Well, the infamously discontent French made it to the top 10 list! France is ranked the world’s seventh largest economies. To explain why the French per capita GDP is lower than that of the United States, the economist Paul Krugman stated that “French workers are roughly as productive as US workers”, but that the French have allegedly a lower workforce participation rate and “when they work, they work fewer hours”. That may be due to the 35-hour workweek law introduced in 1999. By the way, the French receive $28,799 a year after all taxes, which are 49.4% on the average. This is the second largest tax wedge across the OECD countrie
Well, the infamously discontent French made it to the top 10 list! France is ranked the world’s seventh largest economies. To explain why the French per capita GDP is lower than that of the United States, the economist Paul Krugman stated that “French workers are roughly as productive as US workers”, but that the French have allegedly a lower workforce participation rate and “when they work, they work fewer hours”. That may be due to the 35-hour workweek law introduced in 1999. By the way, the French receive $28,799 a year after all taxes, which are 49.4% on the average. This is the second largest tax wedge across the OECD countrie