France to Increase Minimum Wage Amid Social Crisis
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Insights by Echo AI
The French government is addressing the social crisis by increasing the minimum wage (SMIC). Trade unions and employers met with the prime minister to discuss purchasing power and wages. The SMIC will rise by 1.6% from December 1st, reaching 1,502 euros net per month. This increase is the second-largest in 20 years but lags behind those of France's European neighbors.
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