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France News Today

French news in English

Saturday, November 23, 2024

France Boosts Minimum Wage Amid Economic Strain

Published: 2024-10-02

In a move to support low-income workers, French Prime Minister Michel Barnier announced a 2% increase in the minimum wage, effective November 1st.

This adjustment raises the minimum wage from €1,766.92 to €1,802.25 per month, providing relief two months earlier than the usual January adjustment.

The decision comes as part of Barnier's broader economic strategy, which includes maintaining the purchasing power of minimum wage earners amidst ongoing inflation.

This increase follows a series of adjustments linked to inflation, reflecting the government's commitment to supporting low-wage workers.

However, the announcement also highlights the ongoing challenges of balancing public finances, as France grapples with significant national debt.

Barnier's approach continues the economic policies of previous administrations, focusing on social dialogue and economic stability.