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psalaunyesterday at 4:30 PM1 replyview on HN

That's my point in France also: industries complain about the cost of workforce, therefore they've moved everything offshore for the last two decades and they are lobbying heavily for lowering the wages and taxes in order to "invest".

But there is nothing to invest into anymore, France's industry is dead (partly because of Germany with the Hartz agreement btw, lowering demand for italian or french goods which were already less competitive than german ones on export and domestic market because of the euro) and if they didn't care to put capital on automation when wages were high, why would they do it when work becomes cheap?


Replies

joe_mambayesterday at 7:37 PM

>That's my point in France also: industries complain about the cost of workforce, therefore they've moved everything offshore for the last two decades and they are lobbying heavily for lowering the wages and taxes in order to "invest".

100% exactly the same in Austria and I can speculate Italy as well.