Pros And Cons Of Poverty In France

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In the United States, the average per capita GDP is around $57,500 (USD). This is nearly $21,000 more than the average family in France earns on a yearly basis. Despite this, France’s “population below the poverty line is only 14%” (Central Intelligence Agency) whereas the United States has around 15% of their population below the poverty line. Another explanation as to why France’s GDP per capita is lower than the United States’ comes from Paul Krugman an economist at the New York Times. According to the article, even though French workers are just as productive as US workers, they tend to have “a lower workforce participation rate and when they work, they work fewer hours” (Krugman). This is mostly due to government mandated vacation time. France currently has an unemployment rate of 9.7% which can be found by dividing the number of unemployed people by France’s labor force of 30.48 million. The greatest sector of employment in France comes from the service sector which employs nearly 80% of the population. The rest are employed in either agriculture or industry. According to Steven Erlanger, a writer with the New York Times who wrote about the “floating generation” in France, found that “nearly two million young people in France had given up looking for employment while 82% of people hired were only on temporary contracts” (Erlanger) in the year 2012. Basically, according to the article, the challenge was for the government to create a more flexible, functional
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