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In other words the industrial revolution hit them, and unlike their neighboring countries the French weren’t ready for the computer age. And when Mitterrand, a socialist, was elected president in 1981, he had an agenda which would help lower the rates. He drastically increased the minimum wage, increased benefits, reduced the working hours to 39 and added an extra week vacation. I mentioned “Kneejerk” reactions in my introduction, and I believe that the measures that the President took in his first year in office were just that. Sure they helped in the short term; by 1985 inflation was down to 5...
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