In case you didn’t see this Reuters story from yesterday, the French are discovering there’s no free lunch. Turns out the price of baguettes has increased 23% over the past five years. And why? Because of the 35-hour work week, that’s why. This according to French Finance Minister Thierry Breton. If they had a 40-hour work week, they’d be paying less for baguettes — and a whole lot of other items, too.
As the Dems take control of the Congressional policy apparatus, they are getting more pressure from the union folks to do a lot of dumb things that’ll bog down our competitiveness as a nation. They ought to take heed of his economic object lesson from a country that can only envy our vibrant economy. We can load on more regulations, adding to our existing 32% cost disadvantage with our competitors, but at the end or the day as the French have discovered, there’s no free lunch, whether on bread or a baguette.
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