Find out how MMT has turned France into a basket case:
France is the world’s most visited country, famous for luxury fashion, fine dining, and a romantic lifestyle. But behind the postcard image lies a brutal economic reality.
From stagnating wages to a crushing tax burden, the French middle class is quietly evaporating.In this video, we dig into the data to reveal why France is steadily becoming poorer. We analyze the "Smicardization" of the workforce, the collapse of the industrial sector, and a national debt that threatens the stability of Europe. Is the French economic model broken beyond repair?
IN THIS VIDEO, WE COVER:
The "Smicardization" Phenomenon: Why even educated professionals barely earn minimum wage.
The Tax Trap: How France’s record-breaking taxes kill purchasing power.
Deindustrialization: How France became a "Museum Economy" with no factories.
The Brain Drain: Why the country's brightest minds are fleeing to the US and Switzerland.
The Debt Bomb: The terrifying truth about France's public finances.
CHAPTERS:
0:00 - The Fantasy vs. Reality
0:42 - The "Smicardization" of Salaries
3:13 - The Museum Economy (Deindustrialization)
5:58 - The €3 Trillion Debt Bomb
7:59 - The Great Tax Illusion
10:18 - The Pension Ponzi Scheme
12:06 - The Brain Drain (Exodus of the Elite)
14:16 - The Collapse of Public Services
15:53 - World Champions of Pessimism
18:00 - A Warning for the West
20:28 - Future Outlook
OK...I'll bite....
Error #1.
The gap between the minimum wage and mean wage is huge in the US because, unlike France, the minimum wage in the US is way below the poverty level, hence the need for a government-funded SNAP scheme (aka 'food stamps') in the US, on which 40 million people depend.
And btw the gap between the mean wage and average wage in the US is soaring, as AI billionaires hoover up more of the nation's wealth, resulting in the hyperpartisanship we see in the US.
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