9.12.05

Leitura recomendada

Before we shame Wal-Mart, let's remember what we recently saw on the other side of the Atlantic where angry French youths took to the streets setting fire to perfectly good Peugeots and Citroens. The protests obviously had much to do with France's poor job of integrating generations of immigrants into French society, but they were also rooted in pocketbook issues. The French unemployment rate lingers around 10 percent -- roughly twice the American rate. In the epicenter of the rioting -- the suburban ghettos of government housing projects -- the unemployment rate is 30 percent or higher.

The French have effectively banned McJobs by requiring employers to be more generous. The unfortunate result is not middle class comfort for all. Often, it's no jobs