{"id":38558,"date":"2009-09-01T02:00:00","date_gmt":"2009-09-01T00:00:00","guid":{"rendered":"https:\/\/www.futuribles.com\/le-partage-de-la-valeur-ajoutee-en-france-sombres\/"},"modified":"2022-12-28T09:21:21","modified_gmt":"2022-12-28T08:21:21","slug":"le-partage-de-la-valeur-ajoutee-en-france-sombres","status":"publish","type":"post","link":"https:\/\/www.futuribles.com\/en\/le-partage-de-la-valeur-ajoutee-en-france-sombres\/","title":{"rendered":"The Share-out of Gains from Growth in France. Gloomy Prospects for Those on Average Salaries"},"content":{"rendered":"
France has been in recession for some months now, following the economic crisis that broke in 2008 and the prospects for many employees are not very bright over the coming months or even years. This is not likely to improve the already prevalent impression in public opinion that purchasing power is stagnating and that the fruits of economic growth have been distributed unfairly.\nHowever, as Gilbert Cette and Arnaud Sylvain demonstrate in this article, the shares of added value going to profit and salaries respectively have remained more or less stable in France over the last two decades. Company profit margins are lower in France than in the great majority of industrialized countries and their development over time gives no grounds for concluding that the fruits of growth have been distributed unfairly in recent years.\nBy contrast, the spread of salaries has changed a great deal over the past decade with increased salary differentials due to very high rises in top salaries on the one hand and substantial readjustments to the minimum wage on the other. Alongside the overall stability of the share of added value going to incomes and salaries, there has, since the mid-1990s, been a relative fall in the incomes of the very large majority of wage-earners. The median salary is being far outstripped by the highest incomes, while the lowest are catching up; this, argue Cette and Sylvain, may explain the impression among many wage-earners that they are not getting their fair share of the fruits of growth.\nLastly, the savings rates and self-financing ratios of French non-financial companies have fallen appreciably since 1998. The level reached in 2008 by each of these two indicators is historically quite weak; it is among the lowest in the major industrialized countries. We should also expect a marked fall in profit margins in 2009, which could continue into 2010, posing increased difficulties for the internal financing of investment and most probably leading to more frequent company failures. In a context like this, the prospects of increased purchasing power for those on average salaries seem rather gloomy in the next few years, unless the state were to engage in a form of large-scale redistribution that might well prove difficult to finance.<\/div>","protected":false},"excerpt":{"rendered":"

France has been in recession for some months now, following the economic crisis that broke in 2008 and the prospects for many employees are not very bright over the coming months or even years. This is not likely to improve the already prevalent impression in public opinion that purchasing power is stagnating and that the … Continued<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"none","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"both","_seopress_redirections_param":"","_seopress_redirections_type":301,"_seopress_analysis_target_kw":"","footnotes":""},"categories":[47,1324],"tags":[133,212],"keyword":[1166,1165,1167],"class_list":["post-38558","post","type-post","status-publish","format-standard","hentry","category-article","category-revue-futuribles","tag-economie-et-emploi-en","tag-societe-en","keyword-conditions-de-vie-en","keyword-classe-moyenne-en","keyword-wages"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.futuribles.com\/en\/wp-json\/wp\/v2\/posts\/38558","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.futuribles.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.futuribles.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.futuribles.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.futuribles.com\/en\/wp-json\/wp\/v2\/comments?post=38558"}],"version-history":[{"count":3,"href":"https:\/\/www.futuribles.com\/en\/wp-json\/wp\/v2\/posts\/38558\/revisions"}],"predecessor-version":[{"id":60380,"href":"https:\/\/www.futuribles.com\/en\/wp-json\/wp\/v2\/posts\/38558\/revisions\/60380"}],"wp:attachment":[{"href":"https:\/\/www.futuribles.com\/en\/wp-json\/wp\/v2\/media?parent=38558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.futuribles.com\/en\/wp-json\/wp\/v2\/categories?post=38558"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.futuribles.com\/en\/wp-json\/wp\/v2\/tags?post=38558"},{"taxonomy":"keyword","embeddable":true,"href":"https:\/\/www.futuribles.com\/en\/wp-json\/wp\/v2\/keyword?post=38558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}