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Channel: How Sick Is France's Labor Market?
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I refer again to the absolute values of unit labor cost (I am reading Dean's post downward, not in chronological order): http://www.skeptometrics.org/UnitLaborCosts.png France's labor cost is not really out of line, and it has followed a consistent trend. Yes, Germany's have come way down relative to the rest of Europe, but they were way high in the early 90's. As Dean says, high labor costs are not the problem in France, or really anywhere else at this point. - skeptonomist

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