English : année 2023
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France : Boosting Wages Through Productivity Gain
Compared to 2019, wages in the private sector have grown less robustly than consumer prices in France, despite the marked acceleration seen in 2022, which particularly supported lower wages. However, this loss in purchasing power of wages does not reflect, for the economy as a whole, a distortion in the added value distribution to the detriment of employees. The main explanation for this paradox lies in the decrease in average hourly labor productivity, of around 5% since 2019.
28/11/2023 [English] -
The architecture of carbon adjustment at the border threatens the objective of re-industrialisation in Europe
Europe has just adopted three texts that significantly reinforce the role of the “CO2 price” in Europe. By driving up the cost of using fossil fuels, a carbon tax is a powerful economic incentive for decarbonisation, but it also means higher costs for companies located in Europe. The system of free emissions permits designed to offset this effect on the relative competitiveness of European industries will be gradually replaced by a new “carbon border adjustment mechanism” (CBAM). Unfortunately, while the scope of the CBAM appears limited, the effect of removing the free permits will be much more widespread, posing threats to re-industrialisation in Europe.
06/07/2023 [English]