The stagnant French economy is sending its young workers across the channel to London to find opportunity as the standard of living decreases precipitously. Heavy business regulation and taxation are the culprit…
‘I’d like to live in France. But I don’t want to work there,” said Nicolas Boutry, whose family lives on the French Riviera but who works for a London bank.
“In France you either search eternally for a job, or you stay eternally in a job,” he said.
Strict French labor laws are dubbed “worker-friendly,” yet millions can’t find work. Industries decamp to countries like China where hiring is cheaper and easier. Job seekers leave for countries like Britain with more job openings.