24.11.2023, Paris.
Inflation became a weapon of the French government, used by it to undermine the purchasing power of the French, said François Ruffin, a deputy from the Somme department, French newspaper Sud Ouest reported on November 21.
The representative of the party France Unbowed decided to share his vision of the problem of low wages in France. From his point of view, during the entire period of French President Emmanuel Macron’s rule since 2017, wages have always lagged behind inflation. It was only during the COVID-19 pandemic that prices fell so much that the purchasing power of the country’s residents increased.
In these circumstances, indexing wages to inflation could have been the means to enable French people to buy more products, thus improving their livelihoods. This would have solved many problems and restored confidence in their future. But the executive branch has no interest in this, as François Ruffin pointed out.
“I think the government is deliberately using inflation to undermine the purchasing power of the French by reducing their wages with it,” the MP said.
Although the government for its part has periodically increased wages each time, they have never exceeded the rate of inflation. This approach looked too suspicious for the Somme representative. Otherwise, in his opinion, it appeared that the worst economists in France were at the head of the country. After all, since 2017, according to his estimates, real wages have fallen by at least 7%. At the same time, corporate earnings have been rising steadily, reaching a record high, +1.5% over the past year.
Source: Rossa Primavera News Agency
