| BUSINESSWEEK ONLINE : MAY 3, 1999 ISSUE | ||||||||
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| INTERNATIONAL -- EUROPEAN BUSINESS
The Costs of a Shorter Workweek -- Makes France's highly skilled workers more expensive, since managers must be compensated for working more than 35 hours a week -- Worsens unemployment and undercuts growth by discouraging investment in research and development in high-tech industries -- Accelerates the flight of capital and entrepreneurs to other countries where labor market rules are more flexible and taxes lower -- Strains the French budget as $17 billion in subsidies goes to companies that add new employees while shortening the workweek DATA: BUSINESS WEEK _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ |
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France: You're Under Arrest--for Working Too Hard (int'l edition) TABLE: The Costs of a Shorter Workweek INTERACT E-Mail to Business Week Online | |||
