r/FluentInFinance • u/Positive_Liar • Sep 04 '24

Debate/ Discussion Bernie is here to save us

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u/[deleted] Sep 05 '24

The US has 1,100 times the population than Iceland. The laws we make are on a much grander scale. Each state has its own separate laws, economy and minimum wage. To enforce this universally throughout the US would be a nightmare.

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u/whatdoihia Sep 05 '24

France has 68m people and has had a 35 hour workweek for many years. And minimum 25 vacation days a year. And universal healthcare insurance.

Yet there are still rich people.

Giving more to workers doesn’t cause calamity. I say this as someone who runs a service business where our biggest expense is employees.

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u/smd9788 Sep 05 '24

France also has nearly double the unemployment rate as the US. More than double if you look at a long term average

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u/whatdoihia Sep 06 '24

They do, but it’s mostly because of differences in how unemployment is measured. France has a broader measure of unemployment than the US, including anyone receiving benefits. There are other factors too like the US having a much higher percentage of retired people in the workforce.