French Economy
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Title: French Economy

Essay Details:

Subject: Business
Author: Mark G
Date: December 3, 2014
Level: University
Grade: B
Length: 3 / 704

Essay text:

However, it should be noted that definitions of poverty are conducted at a national level, and that such comparisons are not always accurate. France's income inequality (measured by the Gini coefficient) has remained low compared to other economies where it has increased considerably (most notably in the United Kingdom and the United States). About 10% of the households control 46% of the total patrimony (?8 000 billions), in comparison to the US where 10% of the population controls 71% of the total patrimony and where even the top 1% control 38% of the total patrimony. [3]. Since 1991, due to the big rise of the level of the minimum wages (SMIC), the proportion of people employed at the minimum wages has increased from 8,1% of the total number of employees to 15,1% in 2006 [4]...

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