The panel of economists consulted by the government proposes an “automatic” revaluation of the minimum wage from 0.5 to 0.6% on January 1, 2022, but without any additional boost. – PHILIPPE HUGUEN Â © 2019 AFP

The automatic revaluation of the minimum wage should be 0.5 to 0.6% on January 1, according to the panel of economists consulted before each increase and which recommends refraining from any “boost” in its report sent Monday to social partners.

In October, the minimum wage was exceptionally increased by 2.2% – and brought to an hourly gross level of 10.48 euros and monthly of 1,589.47 euros – due to higher prices. higher than 2% between November 2020 and August 2021. It was the first time since 2011 that an automatic increase took place except January 1st.

Consequently, “according to the provisional estimate, the automatic revaluation would be 0.5% to 0.6% on January 1,” they calculate.

The minimum wage benefits each year from a mechanical increase, which takes into account two criteria: the inflation observed for the 20% of households with the lowest incomes and the half of the gain in purchasing power of the basic hourly wage of workers and employees (SHBOE). It is the first criterion which dominates this year because of the resumption of inflation.

Consulted every year since 2008 before each upgrading, the group of experts advises against, as always, the government to give a “boost”.

These economists consider that a “boost” would be “detrimental to the employment of the most vulnerable people”, especially since it could “no longer be offset by a drop employer social contributions which have reached the maximum minimum minimum wage “.

Finally, they believe that the increase in the minimum wage is unsuitable “for reducing working poverty, the main factor of which is the number of hours worked, well before the level of the minimum hourly wage”.

Ref: https://www.bfmtv.com