War in Ukraine: without Russia, Crimea will become “one of the best places to live in Europe”, assures Zelensky
British justice: traditional wigs, deemed “discriminatory” by black lawyers, about to be abandoned
Israel: for the first time, Eden Golan sings in public the original version of her song rejected during Eurovision
“Teachers are there to teach facts to students”: in the United Kingdom, the government wants to backtrack on gender theory in schools
Cancer: Klineo, a platform allowing patients to access new therapies
Suicide attempts and self-harm on the rise among young girls
In Europe, 10,000 people die every day from cardiovascular disease
Brussels raises Spanish GDP forecasts to 2.1% and foresees a deficit of 3% in 2024
Another incident on a Boeing, this time on a Montreal-Lyon flight forced to turn around
Unemployment insurance reform could affect up to a third of beneficiaries, according to Unédic
CPF: it is now much more difficult to use your account to finance your motorcycle license
Audible signal, hardening of the accelerator… New cars must be equipped with an “intelligent” speed limiter
The Ouest-France Étonnants Voyageurs prize recognizes Velibor Colic
At the Art Rock festival, the audacious power of Zaho de Sagazan
Old Hollywood reels, a well-kept treasure in a shed
Rachida Dati announces a mandatory “children’s manager”, from this summer, on every shoot with minors
Omoda 7, another Chinese car that could be manufactured in Spain
BYD chooses CA Auto Bank as financial partner in Spain
Tesla and Baidu sign key agreement to boost development of autonomous driving
Skoda Kodiaq 2024: a 'beast' plug-in hybrid SUV
The home mortgage firm rises 3.8% in February and the average interest moderates to 3.33%
This is how housing prices have changed in Spain in the last decade
The home mortgage firm drops 10% in January and interest soars to 3.46%
The jewel of the Rocío de Nagüeles urbanization: a dream villa in Marbella
New Caledonia: Valls pleads for a “global agreement”, Knafo judges that “France must stick to its positions”
New Caledonia: Braun-Pivet wants a postponement of the Congress
Europeans: a “Free Palestine” list, whose logo advocates the disappearance of Israel, officially a candidate
New Caledonia: Zemmour accuses Le Pen of “giving in to the thugs and looters”
These French cities that will boycott the World Cup in Qatar
Football: Inter, held in check by Lazio, receives its trophy
Foot: Fenerbahçe bat Galatasaray et relance le suspense en Superlig
Tennis: Diana Shnaider wins the Clarins Trophy
3x3 basketball: the French qualified for the Games
This is the new bone of social discord. After pensions, wages are now at the top of the demands of the various unions, who are jointly organizing a day of national mobilization this Friday, particularly “for wages”, before a social conference on low wages organized under the aegis of Matignon next Monday . Galloping inflation since the summer of 2021 has widened the gap between wages and consumer prices, which have exploded. As a result, the purchasing power of the French has contracted. A situation which could well change in the coming months.
INSEE anticipates salary increases in the same proportions as inflation by the end of 2023. “The average salary per capita (bonuses included) in 2023 will increase like prices, i.e. around 5%,” declared the director general of INSEE to Les Échos this Friday. As a reminder, the general price increase stood at 4.9% in September and should reach 5% on average over the whole of 2023. “When there is an inflationary shock, wages follow price rises are always delayed; they do it now,” explained Jean-Luc Tavernier, head of INSEE since 2012.
This hypothesis from INSEE corroborates the estimates made by the Mercer firm and the annual observatory of Social Performance and Remuneration of LHH, which in July expected an increase in salaries of between 4.7% and 4.95% this year.
The anticipated increase is certainly beneficial for household budgets, but it does not, however, make up for the declines in purchasing power accumulated in 2021 and 2022. Last year, salaries only increased on average by 2 .9% (3.9% in the private sector), while annual inflation jumped by 5.2%.
“It is a safe bet (for the future) that inflation will slow down faster than wages,” indicates the director general of INSEE. Therefore, I am not surprised that forecasters are counting on a differential in favor of wages next year, with an increase in purchasing power as a result.” In other words, wages could increase more than inflation in 2024, causing the French wallets to catch up.
