The two real problems for the French will be difficult to correct

The two real problems for the French, the two factors that have the most negative impact on the ir situation are in our view: The labour market polarisation , as intermediate jobs (especially manufacturing jobs) are replaced mainly by unsophisticated, low-wage jobs in services, which is leading to a fall in the quality of jobs; The fact that real estate prices are rising markedly faster than wages, which reduce s disposable income to consume due to the increase in spending on housing. There is often talk about income distribution, but in France it is in favour of employees, and also about inequality, but in France it is low and stable. Unfortunately , the real problems (the labour market polarisation and the rise in real estate prices) will be very difficult to correct.