Increase purchasing power by reducing social security charges that affect net wages.
It is one of the most popular proposals of the presidential campaign.
It is part of a multi-decade trend where the State replaces companies and employees to finance social protection.
The objective is to fight against mass unemployment by facilitating low-skilled jobs, but not only since employers' contributions on wages can be more or less reduced up to 2.5 smics.
The approach has been pursued tirelessly by all successive governments since 1990 in different forms, the most recent being the CICE, the tax credit for competitiveness and employment, converted in 2019 into a reduction in charges.
This consensual strategy nevertheless poses thorny economic and social questions.
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By wanting to favor low wages, France has dragged down its labor market and its economy at the expense of qualified employment…
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