• No products in the cart.
  • No products in the cart.
Back To Top
Image Alt

Storming the Bastille

Storming the Bastille

The fascinating aspect of the riots in France over retirement age (raising it from 62 to 64, in a country with an average life expectancy of 81) is that, as in most of the developed world right now, morbidity exceeds fertility. Whereas, in France, there was once a dozen people working to support every retired person with a shorter lifespan, today there are less than two people working to support many more retirees with a longer lifespan. The math just doesn’t work.

Moreover, the commensurate labor shortages will mean immigration will become a necessity for a country that has, in recent times, not handled immigration well at all and has marginalized ethnic minorities.

The French do pay enormous taxes while working which, in part, go toward retirement funding. Nevertheless, perhaps a shade more égalité is required here.

Written by

Alan Weiss is a consultant, speaker, and author of over 60 books. His consulting firm, Summit Consulting Group, Inc., has attracted clients from over 500 leading organizations around the world.

Post a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.