French government considers minimum wage increase, balancing job protection
French Minister Jean-Pierre Farandou has expressed caution regarding a potential increase to the minimum wage, warning that an excessive rise could jeopardize employment. He suggests a target above €1,500 net per month, while the CFDT union is advocating for an additional €100, and the CGT union is calling for a 10% increase.
Farandou stated that raising the minimum wage to €1,700 net could lead to the loss of 230,000 jobs, emphasizing the potential impact on vulnerable businesses. The current net minimum wage is €1,477.93.
He previously indicated a desire to see the minimum wage exceed €1,500, without specifying a precise target. The CFDT’s proposal would add €100, while the CGT’s request would amount to approximately €150.
A potential increase could be implemented as early as December 1st, without affecting the activity bonus. For a single person earning the minimum wage, the current company salary is €1,477, supplemented by a €230 activity bonus, resulting in a net income of €1,700.
The government also plans to introduce measures to encourage mandatory annual wage negotiations within companies and industries.
Source
“Entre 1 500 à 1 700 euros nets par mois : le scénario de la hausse du Smic au 1er décembre”
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