No lull in sight on wage demands

by time news

2023-06-16 18:33:09

The gap between the rise in prices and that in wages translates mechanically into a loss of purchasing power for the French. HJBC – stock.adobe.com

DECRYPTION – Penalized by soaring inflation, employees intend to make up for the losses in purchasing power suffered in future quarters.

In the rise started a year and a half ago, prices continue to race ahead of wages. According to final figures from Dares published on Friday, the basic monthly salary index (SMB) increased “only” by 1.9% in the first quarter of 2023 and 4.7% over one year. A jump compared to the 1.5% annual gains to which France was accustomed until the second half of 2021. But the latter remains weaker than the waltz of labels which reached 5.7% at the same time, after INSEE.

In detail, it is the workers who saw their remuneration increase the most over one year, relatively, by more than 5.5%, followed by employees (+5%), and intermediate professions (+4.3%). Executives bring up the rear with a gain of 3.6%. Figures that place Paris slightly below the average for the euro zone, in terms of labor costs, up 5% over one year in the first quarter. It is true that inflation has been higher…

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