Macron Vowed to Make France a ‘Startup Nation.’ Is It Getting There?

Re:Macron Vowed to Make France a ‘Startup Nation.’ Is It Get... by adventured on Monday May 28, 2018 @05:07AM (#17171417)

That's false. France has a higher cost of living and higher food prices [1], with a considerably lower overall median and full-time median income level, versus the US. US GDP per capita is also currently 50% higher than France. France has an unemployment rate ~120% higher than in the US. US wage growth has been roughly 8x to 10x that of France over the last 20 years (France only averaged 0.5% annual wage growth over that time).

So let's recap. France has: far lower median wages, far lower wage growth, a higher poverty rate, a higher homelessness rate, dramatically lower GDP per capita, and an economy that hasn't net expanded in over a decade.

In 1980 France had a higher GDP per capita than the US. In 1990 France was just barely behind the US on GDP per capita. Today it's about $40,000 vs $60,000; that gap is persistently widening, with France falling down the global economic ladder by the year. It also explains why wage growth has been so extremely low in France over that time.

[1] https://www.numbeo.com/cost-of-living/rankings_by_country.js...

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Re:Macron Vowed to Make France a ‘Startup Nation.’ Is It Get... by imdutch on Monday May 28, 2018 @06:34AM (#17171680)

Please mind the difference exchange rates make, otherwise comparisons over time are meaningless. France it's GDP per capita was not higher in 1980, the relative gap was similar to today.

Furthermore, median wage growth has done much better there than in the US over that period. Also poverty rates are set by national standards not international, they're hard to compare unless when it's between EU members for example.

https://amp.businessinsider.com/images/5668ba742340f8b1008b4...

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Re:Macron Vowed to Make France a ‘Startup Nation.’ Is It Get... by llcoolv on Monday May 28, 2018 @08:12AM (#17171998)

If you wonder why your comment got downvoted, let me come with a quick answer.

"The level of discourse you're pursuing isn't tolerated on HN. It should come as no surprise to you that no one is engaging with you- that is, of course unless you're being serious...in which case I feel dreadfully sorry for you."

:D :D :D

But don't worry. This weekend I will start a HN-Exiles invite only alternative and there would be only creators and no "priests". It is obvious that coexistence is no longer an option.

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