Our productivity growth has not been that great over the past few years. Now we've got this investment appetite and that could really start moving us up productivity-wise. The downside is you don't need as many jobs in the sector as you did before.
That's one of the key issues here. France protects its jobs more than most countries. And, probably, it would have to move to policies which make it easier for companies to lay off workers.
We find in most of Western countries slow economic growth, which means that jobs are being created slowly and that generous social benefits systems developed in the 1960s and 1970s are often unaffordable. So in one way or another, all of these countries face this problem.