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Economy

Minimum Wage: No Extra Boost in 2015, Minimum Increase of 0.8%

Translated Saturday 3 January 2015, by Gene Zbikowski

The Minister for Labor has kept his word: on Jan. 1, 2015 the minimum wage will rise by just 0.8% in France. There will be no extra boost.

A 0.8% rise is the classic minimum rise in the minimum wage, to cover the rise in prices. A worker on the minimum wage will earn an extra 8 euros in 2015, grossing 1,457.52 euros a month for a 35-hour week. For Dominique Barbet, an economist for BNP Parisbas corporate and investment banking, “this is the smallest rise in the minimum wage since its creation in 1971.” Agnès Le Bot of the CGT trade union confederation pointed out that “four trade union confederations, representing 70% of France’s workers, were demanding an extra boost – they have not been listened to.” The four confederations are the CGT, FO, the CFTC and the CFE-CGC. The government only talks to the companies and wants to make a gesture to Brussels,” Marie-Alice Médeuf-Andrieu of the FO trade union confederation, said indignantly.


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