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Natixis explores the French labour market

The French labour market does not appear to react to changes in unemployment, the economic cycle, competitiveness and profitability for French companies – which is quite unusual when compared to other eurozone countries. In his latest column for FTSE Global Markets, Patrick Artus, chief economist at Natixis, analyses why the French labour market is indeed so particular, looking at four key variables: the presence of unions; the minimum wage; employees’ bargaining power; and the nature of wage negotiations.

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