15 votes

France yellow vest protests: Macron promises wage rise

4 comments

  1. jwr
    Link
    Direct action gets the goods.

    Direct action gets the goods.

    6 votes
  2. VoidOutput
    Link
    I'd say wait and see. I'd be a bit surprised if this was all that was needed in order to buy some peace. Especially given that deeper troubles are not at all solved. Public services are still in...

    I'd say wait and see. I'd be a bit surprised if this was all that was needed in order to buy some peace. Especially given that deeper troubles are not at all solved. Public services are still in the red and people still face major inequality issues. I'm not sure a 7% raise will appease any of this.

    6 votes
  3. [2]
    undu
    Link
    How is Macron pretending to pay for these measures? Or just make the one after him make the poor people pay for it again?

    The minimum wage will be increased by 7% - and the cost of this increase will be met by the government rather than employers.

    However, he refused to reinstate a tax on the wealthy, saying "this would weaken us, we need to create jobs".

    How is Macron pretending to pay for these measures? Or just make the one after him make the poor people pay for it again?

    3 votes
    1. deciduous
      Link Parent
      At first I had the same reaction, but this could be viewed as example of Keynesian economics. He keeps taxes low and government spending high when it's necessary and will later increase taxes when...

      At first I had the same reaction, but this could be viewed as example of Keynesian economics. He keeps taxes low and government spending high when it's necessary and will later increase taxes when it would have less of an effect on the economy.

      That being said I think this is clearly a half-baked attempt to have his cake and eat it too so he can appease both the French people and the corporate donors.