Man is an economic animal, by and large, their behaviour is a matter of economic incentives. For example, a ton of french men and women have flooded into London to work because London offers them a better place to work, much more money, less taxes and more enjoyment. But now that they are getting made redundant, they are going back to Paris because the amount of redundancy money they get from the state is much better. See here. I quote:
As anyone who has lost their job and been forced to turn to the British government for help will know, you can’t buy much with £60.50 a week.
In France, however, the state is considerably more generous. It pays benefits equivalent to 57.4% of base pay, up to a maximum of €6,366 (£5,506) per month for nearly two years.
Given that some senior French traders, quants, structurers and salespeople who’ve lost their jobs in London were on salaries of £115k, they are now eligible for the maximum level of benefits in France.
According to French news sources, they are going back home to claim it. To be eligible, French bankers who’ve worked in the UK need to have toiled for between one day and four weeks in France, but many are said to be getting a ‘Mc Job’ for 24 hours to overcome this hurdle.
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