Does the rise in wages manage to compensate for the galloping inflation impacting on the purchasing power of the French? Indeed, for three years, between the pandemic, the shortage and the increase in prices, it has been a disaster.
Problems faced by entrepreneurs
Since the pandemic, it’s been hell for business leaders who are forced to review their copy in terms of workforce. On the side of the unions, they are trying to establish several days of teleworking. Moreover, this subject is now considered a priority. Thus, whether in the private sector or in the public, everyone is trying to do well.
From the beginning of this new year, the employer and the employees are constantly debating the issue of salary. Indeed, while the first wants the second to fulfill his objectives well, the latter first wants an interesting increase to get out of it better.
So, as a middle ground, in 2022 wages jumped about 4%, which is a pretty big percentage compared to previous years. However, the atmosphere remains gloomy in the premises and the disarray is still felt.
Effects of the reform on employees
Currently, only salaries in the tertiary sector are concerned. Besides, as strange as it may seem, the industrial field and that of construction would no longer be popular.
In addition, in recent weeks, the pension reform has caused a stir in public opinion. In effect, opponents support the strikers in an effort to tip the scales. However, if they don’t want to lose this recent wage reassessment, it’s important that they keep a low profile.
Effects of wage increases on the daily lives of French people+
Despite the rise in wages, consumer associations say it would not have changed anything. Apparently, they do not perceive the slightest change and the slightest improvement in their daily life. In other words, this increase would only be window dressing.
According to the data collected, inflation would be the main cause of this paradox. Moreover, for all households and excluding tobacco, consumer prices would have increased by 6% between the two previous years.
In any case, the rise in wages and the various government aids would not yet be enough to restore purchasing power.