D’oh! Working Less Doesn’t Create More Wealth

The French are getting….smarter. French MPs have voted to eliminate the mandatory 35-hour per week cap on working hours. It had been heralded when passed as a stroke of genius to increase the number of jobs by sharing out the work more equitably. Instead, it caused unemployment.

J.-B. Say.bmp
Jean-Baptiste Say

If only they had read the great French economists, such as Jean-Baptiste Say; every act of production brings into being wealth that can be traded for other wealth, or, as it has often been put, “Supply Creates Its Own Demand.”