The Inquiry

Will Europe’s young workers have to pay more for the old?

9 snips
Apr 20, 2023
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ANECDOTE

French Pension Protests

  • In France, protests and strikes erupted over proposed pension reforms, impacting public services and even causing a state visit postponement.
  • The reforms aim to raise the retirement age from 62 to 64, sparking concerns about the financial burden on younger generations.
INSIGHT

French Social Contract Under Strain

  • French workers face a trade-off: high taxes but good social services, though the quality has declined recently.
  • This has led to growing disappointment and distrust in the French state, further fueling the pension reform protests.
INSIGHT

Productivity Puzzle

  • Productivity growth has slowed in Western economies despite technological advancements, posing economic challenges.
  • This slowdown is exacerbated by shrinking workforces due to aging populations and early retirement.
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