3 Facts French Pension System On The Verge Of Retirement Should Know

3 Facts French Pension System On The Verge Of Retirement Should Know More February 30, 2016 | by Charlie Shano | Columnist The French pension system will continue to be in a state of decline after a turbulent period last October. For a rich person will pay more, and so will all their workers. A poor person will receive less, and so will all their workers. On the other hand, it’s essential that government will listen to their needs, to make the necessary investments in health, not on the backs of the middle class. In the end, any given French worker’s retirement guarantee will fall by almost 50 percent, rather than 1 percent, if Congress does indeed vote to cut the pension deficit. That gap will no doubt widen in the wake of the October election, when huge labor, state and private corporations will not be able to bargain less less. They’ll compete for this new lucrative contract and to see how much money they can get for an arbitrary cut in their retirement contributions. They will earn less, of course, if their health and income are less. Additionally, the current situation shows evidence that when economies recover the first time, government will come forward to keep such systems up. In the last 12 years, when the economy went through a period of hard times in recession and internet as in the recent financial crisis and the Great Recession, the savings rate fell. While it is indeed unusual for the economy to pick up a fast streak under a recession’s initial turbulence, in an economy as politically volatile as ours it’s often the opposite. All these are relatively small changes, but they have demonstrated that one should really be cautious when political factors are involved. Despite rising inflation, inflation is on the rise, as have labor shortages. This is simply not happening. It’s also often ignored that even when a program should make benefits available for workers the economy will not be able to pay for it. Thus, health and well-being are under-appreciated in the initial stages of a government reorganization. With the need for a government body at the helm, it must look at the costs to individual workers and the programs now in place before deciding whether or not to cut too much and even cut short enough. Moreover, new jobs created must be filled by many, many more than those created with the old ones. That’s of broad importance to the French economy. So long as economic trends continue to favor the middle class, social safety nets and entitlement reforms will continue to be sought before they ever make the boardroom decisions that have benefited French workers for decades. Even if the corporate classes are forced to buy off the workers already suffering from illnesses, disabilities and problems, to do so in a very sensible and pragmatic way will promote jobs that are already being created. UPDATE 28/12 at 5 p.m.: (Editor’s note: We have updated the story to add references to Richard Cowgill, now a senior fellow in the Stanford Centre for Labor History Research and a current faculty member at Stanford. He told Ars that we “are having difficulty identifying what exactly is at stake here. We don’t really know. But we are highly confident that what is in effect will continue as long as corporate profits are based on the supply side.”)