2023-09-23 05:45:02
The curves finally intersect. For the first time since the start of the price surge, in 2021, salaries increased over one year slightly more than inflation in the second quarter of 2023, according to figures published by the research animation department, studies and statistics (Dares) of the Ministry of Labor, Friday September 22.
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Dares monitors the evolution of the base salary, that is to say the gross salary, excluding bonuses and overtime, the amount of which often appears on the first line of the pay slip. In detail, the basic hourly wage index for workers and employees increased by 1.2% in the second quarter in companies with ten or more employees in the private sector (excluding agriculture and individual employers). And the basic monthly salary of all employees increased by 1% over the same period.
Over one year, at the end of June, they had increased by 5.1% for the hourly wages of workers and employees, and by 4.6% for the basic monthly wages of all employees ( it was +5.2% and +4.7% in the previous quarter). But these figures say nothing about the purchasing power of employees if we do not relate them to the evolution of prices which, after having reached a high, at 6% in the fourth quarter of 2022, slowed down, in 2023, to return at 4.4% year-on-year in the second quarter.
Notable differences according to sectors of activity
Thus, over one year and in constant euros, the basic hourly salary of workers and employees increased by 0.7%, and the basic monthly salary of all employees by 0.2%. Nothing spectacular, and even less enough to fuel a new fear of a price-wage loop, which all economists today attest has not occurred. But the sign that certain mechanisms end up working.
“We are finally seeing a repercussion of inflation on salary increases, with a delayed effect linked to the time required for negotiations in companies, underlines Christine Erhel, director of the Center for the Study of Employment and Work, at the National Conservatory of Arts and Crafts. However, we must remember that we are dealing with averages. These figures therefore do not necessarily reflect the specific situations in certain professions. »
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The indexation of the minimum wage to inflation (the calculation method even allows the minimum wage to increase a little faster) has played a major role in leading to an increase in the lowest wages, which have increased more than the others . The basic monthly salary of workers increased by 5.3% over one year, and that of employees by 4.9%. It is +4.3% for intermediate professions, and +3.8% for executives. Compared to inflation over the period, only the wages of workers and employees have ultimately “caught up” with the evolution of prices.
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