The Law of 7/70
Years of observing and participating in the economic life of France has led me (in a dazzling flash of lucidity) to formulate the 7/70 Law, which hopefully will be of great aid to anyone thinking of starting a business in France.
It goes like this:
Upon starting your own business here you can expect that for at least 7 years, you will
- work 70 hours a week
- give 70% of your income to the various French administrations
- pay yourself no more than 70% of the SMIC (minimum wage)
- hopefully, pay off your debts before you reach 70
This may be why 70% of young (16-29) frenchpersonnes responding to a Le Monde poll during the recent CPE crisis, claimed their life’s priority was to become a french civil servant with a single, non-precarious job for life.
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