At least, that is the hope of Sarkozy:
In the 45-minute speech, Sarkozy declared the death of the 35-hour week, suggested that large companies may have to double or triple the part of their profit they are obliged to share with employees and vowed to replace gross domestic product with a more holistic indicator of economic welfare that he has commissioned from two Nobel laureates in economics, Amarthya Sen and Joseph Stiglitz. He also said that he would put a state bank in charge of defending French industry against sovereign wealth funds and other financial predators.
Oh, and he plans on taxing various technology to help fund dying business models and poorly performing firms. That will surely help spur innovation and increase productivity.
See also: Happiness by Will or by Writ?