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Paradoxical effect of the crisis, the average salary has increased in France



DECRYPTION – Our country is also one of those where the wage bill for women has fallen the most compared to that of men.

The finding seems counterintuitive. In the midst of the economic crisis, the average wage is expected to fall, under the pressure of unemployment. However, the International Labor Organization (ILO), in a report published on Wednesday, indeed notes that in France, the average salary has increased since the Covid-19 crisis. Taking the average wage for the whole of 2019 as a base of 100, the ILO has measured that over the four quarters of 2019 it has remained fairly stable and then increased to 105 in the second. quarter 2020. An increase of 5% therefore.

Artificial effect

The ILO observes the same phenomenon in Italy, Norway and Brazil. The news is in fact nothing to welcome and reveals an effect of the historic economic crisis that the world is going through. The rise in the average wage results from what statisticians call “a composition effect”. “Even if the unemployment rate has fallen in France and in Italy (at the start of the Covid-19 crisis), the report reads, due to

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Source link
https://www.lefigaro.fr/conjoncture/effet-paradoxal-de-la-crise-le-salaire-moyen-a-augmente-en-france-20201202

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