While inflation has proven to be the main driver of wage growth in recent months, the fall in the unemployment rate and recruitment pressures seem to play only a secondary role. 281540141/Pormezz – stock.adobe.com
DECRYPTION – Revalued five times, the minimum wage is progressing faster than base salaries.
Does soaring inflation lead to higher wages? This is true for the minimum wage, which since the fourth quarter of 2021 has seen no less than five increases, going from 10.48 euros gross per hour to 11.27 euros today, notes a Dares study published on Friday. . A leap that is not surprising. The rules for raising the minimum wage are written in stone. If the government can at any time decide on a “boost”, it is the rise in prices that influences its evolution the most. However, inflation literally took off in 2022 after being sluggish for several years.
But wages as a whole did not experience the same acceleration. Up by 4.3% between the first quarter of 2021 and the third quarter of 2022, base wages grew less quickly than the minimum wage (8%) and inflation (6.8%) over the same period. A gap which translates mathematically into a loss of purchasing power for the workers concerned. Finally…
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