Purchasing power: why the Macron method does not work. Productivity gains are the primary source of improving the economic standard of living.
However, since 2019, they have vanished into thin air in France. In 2017, the En Marche candidate committed to eliminating the housing tax, or nearly 20 billion euros in tax cuts. After the protests of the ‘yellow vests’, 17 billion were redistributed. During Covid, partial unemployment costs 31 billion euros. Finally, faced with the resurgence of inflation, France is introducing price shields on energy, much more generous than those of its neighbors.