Thursday, November 4, 2010

Siesta and Reality

"This week’s award for not knowing what world you’re living in surely goes to the French high school and college students who blockaded their campuses, and snarled rail traffic, in a nationwide strike against the French government’s decision to raise its pension retirement age from 60 to 62. If those students understood the hypercompetitive and economically integrated world they were living in today, they would have taken to the streets to demand smaller classes, better teaching, more opportunities for entrepreneurship and more foreign private investment in France — so they could have the sorts of good private sector jobs that would enable them to finance retirement at age 62. France already discovered that a 35-hour workweek was impossible in a world where Indian engineers were trying to work a 35-hour day — and so, too, are pension levels not sustained by a vibrant private sector."
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Thomas Friedman

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