Report
The objective is for industry to provide income, not jobs
We look at the case of France. Industry cannot provide mass job creation for several reasons: Technological progress will continue to reduce manufacturing employment; France cannot reshore labour-intensive industries, given its labour costs; only high-end, robotised industries can be reshored. But a high-end industry does generate value added, i.e. i ncome, which is the objective. This income makes it possible to create jobs in other economic sectors.
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Natixis
Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.
Patrick Artus
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