Bad news for the salaries of 3 million French people, even experts are shocked

2024-09-09 14:51:54

A tough fight is expected for many families.

September is hated by all wallets: back-to-school fees, property tax payments, income tax receipts… So many expenses that have a clear obstacle reduce the bank account. However, good news is expected in this tough post-summer period: three million French people are due to see their wages increase in a few days. Ultimately that won’t be the case. A hard want.

Economists, who allow the implementation or not of this innovation, are surprised themselves to see that their predictions fall. “In July, we expected a correction in the fall,” admitted economists from the National Institute of Statistics and Economic Studies (Insee), “but we were surprised by the inflation that was smaller than we expected.”

The addition is what makes it possible to calculate the increase in the interprofessional minimum wage for development (SMIC). More specifically, it is extra for the lowest 20% of the families taken into account. Since their purchasing power is lower than that of the average family, this segment of the population is even more vulnerable to rising prices.

The institution calculates this increase between November 2023 and August 2024. As this is not less than 2% (the minimum required to bring the minimum wage), the wage that the minimum will not increase on November 1. “The figures will be below the threshold if it does not pass in August, there is no reason to cross through September or October,” according to the organization, explaining that French people eat more at the lower end of the system. year.

But when INSEE can change the heat Linternaute that the increase in prices during the Olympic Games in Paris should make it possible to exceed this 2%, what happened? The data from the institute shows that the political instability has led to a decrease in business investment, thus slowing down the pace of inflation and thus preventing the minimum wage from being valued in the fall, through the average euro 30 per month. The minimum wage will be a total of 1,398.69 euros per month until January 1, when it will increase automatically.