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Thread: French Riots

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  1. #1

    Re: French Riots

    An interesting article with greater insight as to why the yellow vest movement persists: France: Understanding the Gilets Jaunes Uprising

    • The French state has been bankrupt since 2004. A minister finally admitted it in 2013.
    • French GDP hasn’t risen above 2% in 50 years. Yes - FIFTY. The average annual GDP growth rate between 1949-2018? 0.78%.
    • In 2018, 14% of the population in France live below the poverty line (they earn less than 60% of the median income).
    • Worse, more than 50% of French people have an annual income of less than €20,150 a year (about $1,900 US per month).
    • The 'official' unemployment rate is 10% - about 3.5 million citizens (in reality, it's much higher).
    • The youth unemployment rate is 22%. Yes, you did read that right.
    • Astonishing but true: the French government employs 25% of the entire French workforce...and it's impossible to fire them.

    More - https://quodverum.com/2018/12/344/fr...-uprising.html

  2. #2

    Re: French Riots

    Quote Originally Posted by Organ Morgan. View Post
    An interesting article with greater insight as to why the yellow vest movement persists: France: Understanding the Gilets Jaunes Uprising

    • The French state has been bankrupt since 2004. A minister finally admitted it in 2013.
    • French GDP hasn’t risen above 2% in 50 years. Yes - FIFTY. The average annual GDP growth rate between 1949-2018? 0.78%.
    • In 2018, 14% of the population in France live below the poverty line (they earn less than 60% of the median income).
    • Worse, more than 50% of French people have an annual income of less than €20,150 a year (about $1,900 US per month).
    • The 'official' unemployment rate is 10% - about 3.5 million citizens (in reality, it's much higher).
    • The youth unemployment rate is 22%. Yes, you did read that right.
    • Astonishing but true: the French government employs 25% of the entire French workforce...and it's impossible to fire them.

    More - https://quodverum.com/2018/12/344/fr...-uprising.html
    Did you check any of these "facts" before you regurgitated them or whether trends are getting better or worse? Some of the stats you quoted are not pretty but in a number of areas the trends are in the right direction and don't explain the "why now" on the gillets jaunes. The GDP stat is just bollocks.

    https://tradingeconomics.com/france/unemployment-rate

    https://data.worldbank.org/indicator...-GB&start=1967

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