THE QUESTION.
While the rise in consumer prices has reached 3.6% over the last twelve months according to INSEE, purchasing power has been shaken up by soaring prices for energy and certain food products.
And the most modest households are hit hard because they devote a larger part of their budget than the average French to this type of expenditure.
Isn't it time to give “
a boost
” to the Smic, the guaranteed interprofessional minimum wage?
Not be satisfied with the automatic increase provided for by law?
Read alsoInflation: further price increases expected on the shelves
No, answers Bruno Le Maire.
Because in this case,
"prices catch up with wages and wages catch up with prices in a kind of parrot scale that never ends, and it is the employees who end up losing",
explained Sunday the Minister of Economy and Finance during the RTL-Le Figaro-LCI Grand Jury.
"This is what we experienced after the first oil shock in 1973, it's the famous price-wage loop".
Would History be doomed to repeat itself with again an acceleration of inflation beyond 10% per year as was the case for a good ten years from 1973 to 1983?
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