The rise in wages continues in France, but does it compensate for inflation?

If we had to compare our payslips, it looks like there is better. Except that by putting them against inflation, it’s the opposite!

Salaries as you have never read them!

Since the start of the pandemic, for business leaders, it’s been hell. Indeed, forced to review their copy in terms of workforce, they get tangled up. As for the unions, they are trying to establish several days of telework. Often considered taboo, this subject is now a priority. In the private sector and the public, everyone is trying to do well. Who will have the last word?

From the month of January, an umpteenth zone of turbulence begins. Indeed, supposed to take stock, the employer and the employee are regularly torn about wages. First of all, the purpose of the first is to check whether the second has fulfilled its objectives. Then, if not, all the arguments are put on the table. More than ever, pick up an interesting salary increase would add more butter to the spinach!

Pour 2022the observation of our friends of the Dares is without appeal. Between the last two quarters of 2022, up to1%the bosses have accepted the new rules of the game. 4%. Compared to before, it’s just huge. So, how to explain the gloomy atmosphere in the premises and the almost permanent disarray of the French?

Shattering salaries…

Looking closely at the previous figures, the drafting ofobject understands that only salaries in the tertiary sector are concerned. Appalled by this contract, the team holds the key to the mystery. As strange as it may seem, the industry or the ultra-competitive construction industry clearly out of favor !

In recent weeks, the pension reform causes a stir in opinionnot. Motivated to tip the balance, the opposition supports the strikers. However, if they don’t want to lose this recent wage reassessment, they had better keep a low profile. Once again, we wonder how this whole story will end…

…but not enough!

When consumer associations are asked about wages, it’s a cold shower. After analyzing the long, wide and across the shelves of our favorite supermarkets, they do not perceive the slightest ounce of calm. These salaries would only be powder in the eyes !

According to them, inflation is the main culprit of this paradox. As a reminder, the Dares emphasizes that ” consumer prices (for all households and excluding tobacco) would have increased by 6% between the end of December 2021 and 2022″

To conclude this article, object offers you to compare household wages to purchasing power. Oops… it is sure that seen from this angle, there is something to fear the worst. At the rate things are going, despite the allowances (activity, Christmas, energy) offered, it is not clear that 2023 is going as planned. These few optimistic economists would do well to start all over again. Continued in our next issue!

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