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An employee can hope on average to multiply his salary by 1.7 during his professional life, a stable figure over generations even if the benefit of the degree is lower, according to a study published Wednesday, November 28 by France Strategy.
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The progression of relative wages is therefore diminishing with age, except at the end of the career, where it resumes a slightly brighter pace between 55 and 60 years.
Photo: AFP / VNA / CVN |
The study of this body attached to Matignon is based on data available from INSEE for full-time employees born between 1935 and 1974. Experts note "that five years in five years, each cohort repeats a relatively invariant career profile (…). At the beginning of the career, the salary is worth on average 70% of the average salary (of the economy); at 30, he equalizes the average salary; at 40, it exceeds 10% and it takes another twenty years to exceed 20%.
"The progression of relative wages is therefore diminishing with age, except at the end of career, where it resumes a slightly brighter pace between 55 and 60 years " for people still in employment, currently just over half of the senior age group. The gap between men and women, "hardly perceptible at the beginning of career, does not stop growing: a woman at the end of career earns on average 110% of the average salary, against 130% for a man", They add. By studying the careers of men – lack of complete data on those of women – experts find a relative deterioration of those graduates (bac or more).
"As the percentage of men with tertiary education has doubled in twenty years, the productive apparatus has had difficulty absorbing this rapid rise in the skill level of the working population, with the result that the degree of graduation at the entrance to labor market "they note. "Each cohort of graduates appears less well off than the previous one and better off than the next", They add. Conversely, the position of the few graduates has remained stable for 25 years. "Despite globalization and competition from low-wage countries, the existence of the SMIC would have protected French low-skilled workers from a deterioration in their relative position compared to the average worker.they judge.
However, unlike graduates, their situation deteriorates at the end of their careers and worsens even more if many of them had not already left the job market. "If by hypothesis the labor market was to integrate all seniors today out of employment, then we see that for low graduates, wages decline on average after 54 years. For graduates, they would increase less before age 60 and stagnate after", calculate the experts."A vigorous training action from the age of 50 seems necessary if one wishes to increase the employment rate of the seniors without this being accompanied by a reduction of wages ", they conclude.
AFP / VNA / CVN
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