Little recovery for the last of rope, according to OECD – RT in French



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With growth, employment rates are rising to the level … they were 10 years ago, according to a report by the Organization for Economic Co-operation and Development. But this trend is of little benefit to the less fortunate.
                                    

"There is a resumption of employment everywhere, the problem is that wages do not respond," said July 4 Angel Gurria, Secretary General of the Organization for Economic Co-operation and Development (OECD) , cited by AFP, presenting the 2018 edition of its Employment Outlook (OECD Employment Outlook 2018) published the same day.

"Economic growth is accelerating and in some OECD countries, but wages continue to stagnate. If countries fail to break this cycle, people's confidence in the recovery will be undermined and the inequality of the labor market will increase, "says the organization, at the top of his report.

unemployment is expected to continue to decline to 5.3% at the end of 2018 and 5.1% the following year. However, the situation continues to be mixed in terms of quality and job security in OECD countries (35 industrialized and emerging countries). Poverty has increased among the population of working age, reaching 10.6% in 2015 against 9.6% ten years earlier.

Stagnation of low wages

This is because the increase in wages is much slower than before the financial crisis. At equal unemployment rates, "it moved to the OECD from 5.8% at the end of the second quarter of 2007 to 3.2% at the end of 2017". In addition, stagnant wages affect low-wage workers far more than the highest-paid workers: real incomes of the top 1% have risen much faster than those of full-time median workers in recent years, reinforcing long-standing and long-standing trend

"Well-targeted policy measures and closer collaboration with the social partners are needed to help workers adapt […] to achieve inclusive growth," said Gurria. , the Secretary General of the OECD on July 4.

The new boss of the Medef hostile to an increase in Smic from 10% to 20%

But in France, on the lowest wages, the position of some social partners is known. Interviewed on 29 June, on the eve of his election to the presidency of Medef, in the morning of RTL, Geoffroy Roux de Bézieux said of the proposal of the party Republicans to increase the Smic from 10% to 20%: "I believe it's not serious. "But then questioned about the amount of the minimum wage, he replied:" Schedule, I do not know, […] In monthly, 1,280 net, something like that. "(The Smic The gross hourly wage was increased to € 9.88 on January 1, 2018, an average monthly net minimum wage of about € 1,150 for 35 hours per week.)

In its report, the OECD also explains that the low rate of inflation and the significant slowdown in productivity have contributed to stagnant wages and the rising proportion of low-paid jobs.

Widespread decline in social protection against unemployment

The Organization also observe the decline in the coverage of s unemployment in many countries and the persistence of long-term unemployment as a factor in increasing inequality. Fewer than one in three jobseekers receive unemployment benefits on average in OECD countries, and the long-term declining trend in benefits continues in many countries. Asked by RTL (see above) the new president of the Medef considers valid the idea of ​​a degression of unemployment benefits to "encourage return to work" and denounces for France an exceptionally "generous" compensation system.

Regarding the fall in unemployment, the OECD estimates that "the French recovery is at mid-term" and notes "a limited increase in wages since the end of 2012". It also explains that the employment rate, ie the use of available manpower resources, is in France "well below the OECD average".

On the other hand, Regarding the "quality of employment" and the "inclusiveness of the labor market", France is performing better than the average. However, the OECD notes, however, that "a difference in the employment rate of disadvantaged groups is relatively high compared to the OECD average, especially for young people".

In France, it is mainly managers who benefit from the recovery

In France, the Association for the employment of executives (Apec) provides, it, a 4.5% increase in recruitment of executives in the private sector in 2018, which will follow "a year 2017 exceptional" ( + 9.7%), according to a statement dated July 5.

After 240 100 executive recruitments in 2017, there would be 251 000 this year, predicts Apec, which specifies to have retained for its forecasts the scenario 1.9% increase in gross domestic product (GDP) in 2018. But shortly before the publication of this study, INSEE published a correction to 1.7% growth at the end of 2018. In addition, it Recruitment, not net job creation.

See also: The announcement of the pl Poverty hanging on a victory of France? "Maybe," according to Buzyn

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