{"id":9464,"date":"2013-02-13T10:09:38","date_gmt":"2013-02-13T09:09:38","guid":{"rendered":"https:\/\/www.rudebaguette.com\/?p=9464"},"modified":"2019-05-02T18:56:34","modified_gmt":"2019-05-02T16:56:34","slug":"suck-it-uk-germany-italy-spain-israel-portugal-turkey-romania-its-easier-to-earn-1m-in-france","status":"publish","type":"post","link":"https:\/\/www.rudebaguette.com\/en\/2013\/02\/suck-it-uk-germany-italy-spain-israel-portugal-turkey-romania-its-easier-to-earn-1m-in-france\/","title":{"rendered":"Suck it UK, Germany, Italy, Spain, Israel, Portugal, Turkey &#038; Romania &#8211; It&#8217;s easier to earn $1M in France!"},"content":{"rendered":"<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignright size-medium wp-image-9465\" alt=\"20130216_woc046\" src=\"https:\/\/www.rudebaguette.com\/wp-content\/uploads\/2013\/02\/20130216_woc046-280x300.png\" width=\"280\" height=\"300\" \/>Perhaps I&#8217;m a bit too excited about this recent article in <a href=\"http:\/\/www.economist.com\/blogs\/graphicdetail\/2013\/02\/daily-chart-4?fsrc=scn\/ln_ec\/how_long_to_be_a_millionaire\" target=\"_blank\" rel=\"noopener\">The Economist<\/a>, which details how many years it takes a &#8216;median breadwinner&#8217; to earn $1M in various countries, but I was stoked to see France place at #8, behind most of Northern Europe, the USA, Canada &amp; Japan. Here on the Rude Baguette, we spend a fair amount of time debunking myths about creating companies in France, and the evidence keeps stacking up in France&#8217;s favor for company creation: we&#8217;re <a title=\"USA, Japan and France make up 85 of 2012 Top 100 Global Innovators\" href=\"https:\/\/www.rudebaguette.com\/2012\/12\/19\/usa-japan-france-make-up-85-of-2012-top-100-global-innovators\/\">the #3 innovator in the World<\/a>, our <a title=\"Investors &amp; Entrepreneurs: forget everything you\u2019ve heard about taxes in France in the last 6 months.\" href=\"https:\/\/www.rudebaguette.com\/2013\/02\/06\/investors-entrepreneurs-forget-everything-youve-heard-about-taxes-in-france-in-the-last-6-months\/\">tax &amp; labor ecosystem is undergoing a cultural change<\/a>, our <a href=\"\/tag\/geonpi\">Entrepreneurs\u00a0<em>are<\/em> actually fighting for the ecosystem<\/a> here, and France continues to top the list of European tech companies that are the most advanced, like on Earlybird&#8217;s Ciaran O&#8217;Leary in <a href=\"http:\/\/berlinvc.com\/2013\/02\/11\/make-or-break-years-and-the-urban-entrepreneurship-hypothesis\/\" target=\"_blank\" rel=\"noopener\">this recent blog post<\/a>.<\/p>\n<p>Specifically, <a href=\"http:\/\/www.economist.com\/blogs\/graphicdetail\/2013\/02\/daily-chart-4?fsrc=scn\/ln_ec\/how_long_to_be_a_millionaire\" target=\"_blank\" rel=\"noopener\">the report<\/a> looks to assess How long would it take for an average person to earn $1M, and so looks &#8220;how much the main breadwinner in an average household makes each year (before tax).&#8221;<\/p>\n<blockquote><p>On this measure, America creates the swiftest millionaires, and also the most (around 5m households, or 4% of the total). South of the border, Mexicans can expect to toil for three centuries to earn the same. For those struggling to imagine $1m, consider this: stacked up and denominated in $100 notes, it would reach over a metre high and weigh ten kilograms (22 lb).<\/p>\n<p>&nbsp;<\/p><\/blockquote>\n<p>Paris will continue to get passed up for press coverage, and it will continue to be a top location for VC investment, because it will continue to produce great tech startups. Talk about underappreciated &amp; undervalued. At least we&#8217;ll be earning $1 Million before those Brit&#8217;s across the pond.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Perhaps I&#8217;m a bit too excited about this recent article in The Economist, which details how many years it takes a &#8216;median breadwinner&#8217; to earn $1M in various countries, but I was stoked to see France place at #8, behind most of Northern Europe, the USA, Canada &amp; Japan. Here on the Rude Baguette, we<\/p>\n","protected":false},"author":77,"featured_media":64785,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"subtitle":"","footnotes":""},"categories":[113],"tags":[],"class_list":["post-9464","post","type-post","status-publish","format-standard","has-post-thumbnail","category-finance"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/posts\/9464","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/users\/77"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/comments?post=9464"}],"version-history":[{"count":0,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/posts\/9464\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/media\/64785"}],"wp:attachment":[{"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/media?parent=9464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/categories?post=9464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/tags?post=9464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}