Seb -
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Switzerland GDP per capita in the last 20 years has been as stagnant as Germany's. In USD terms, it grew a bit more, since the Swiss Franc has appreciated a lot compared to the dollar. But also not that much. If the country is so innovative... And its economy so advanced and productive... Why isn't GDP per capita growing much more? Shouldn't the average Swiss be able to produce more value, compared to decades ago, after decades of innovation? The answer is no, and that's because: 1. Swiss people work less Huge amount of part-time workers, 17% of men, ~50% of women. 2. They're older Aging population means larger share of population sitting in economically unproductive societal roles. I.e. retirees hiking or sitting at home. 3. The Swiss Franc keeps getting stronger Companies need to cut their margins, can't afford to raise salaries, if they want to stay competitive. Product innovation apparently not enough to raise prices significantly to offset this. 4. Low productivity industries grow As population ages, elderly care, construction and healthcare industries grow. And they're less economically productive than tech, luxury or pharma. ---- It's interesting to look at the below table, and see how Switzerland's growth has been similar to Germany's, despite being more innovative. Or just marginally higher than Germany, in USD-terms. Also interesting to see how Italy completely destroyed its economy and how Poland built one almost from scratch. BTW, as you can see here too: talking about "the West". as if it's one big country, is ridiculous. There's very different Wests within the big West.


ℹ️ Point effectif Alpha Diallo (adducteur) et Daniel Theis (doigt) ne sont pas aptes pour le game 3 demain face à l’Olympiakos #RocaTeam #DagheMunegu



🔴 Le niveau scolaire S'EFFONDRE à un point que vous n'imaginez même pas. Vous ne serez plus la même personne après avoir vu ces chiffres hallucinants 🧵⬇️

@brivael What about @Bencera building @polsia. Looks quite ahead nanocorp.

NanoCorp just made it on LEGEND by Guillaume Pley, the biggest podcast in France. Best quote from the guests: "You go to sleep, the next morning you have a 100% live company." 14k autonomous companies launched. $940k ARR. 5 weeks in. -> nanocorp .so












Lorsqu’une entreprise comme TotalEnergies fait des bénéfices supplémentaires liés à une crise internationale ou à une conjoncture extraordinaire, comme c’est le cas actuellement avec la guerre en Iran, il est normal qu’elle puisse contribuer à l’effort national par une taxation exceptionnelle sur les surprofits qu’elle a réalisés. Cette mesure de justice sociale, que nous défendons depuis des années, et que les macronistes ont toujours refusée, permettra entre autres de financer la baisse des taxes sur le carburant que nous proposons.


















