TO ANALYSE – The return of inflation calls into question an already fragile social stability.
France cut in two. On the one hand, the “smicards” that the law protects by indexing their income to inflation and on the other the employees whose fate depends on the collective agreements of their profession or on the NAO, “the compulsory annual negotiation”, of their business. As for the jungle of social benefits, from minimum old age to RSA (Social Activity Income) through family allowances, their modalities of revaluation defy the imagination. Automatic, partial, more or less delayed, each service has its specific indexing mechanism.
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Here is one of the keywords for the next few months and a nagging question for everyone, active worker or pensioner, employee or saver: is my income indexed to prices? The question was of little importance when inflation remained in the range of 1% to 2% per annum, which has practically always been the case for the last thirty years and even beyond. Never since 1986 has the annual price rise to…
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