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Keyword: anthonydejasay

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  • Thirty-five Hours (Economic Self Destruction in France)

    08/22/2002 1:04:49 PM PDT · by Stultis · 22 replies · 234+ views
    The Library of Economics and Liberty ^ | 15 June 2002 | Anthony de Jasay
    Thirty-five Hours by Anthony de Jasay July 15, 2002 In 1999, the socialist administration in France railroaded through a law reducing the "legal" work week from 39 to 35 hours with maintained weekly pay, and severely penalising overtime. This represented a rise of over 11 per cent in hourly labour costs, partly mitigated by a temporary reduction in employers' pension and health insurance contributions, the shortfall to be borne by the general taxpayer.The measure was said to be a double achievement. It was a great leap forward in social progress, in the humanist transformation of the economy to serve man...