4 ms·
basically you pay a % of your salary to the pension fund. the higher the salary the more money you pour into. yes it will reduce profits for employers but even
by retinaros 4y ago
basically you pay a % of your salary to the pension fund. the higher the salary the more money you pour into. yes it will reduce profits for employers but even that is only short term. if salary rise you are more competitive on the global talent pool and you can do like america where a big chunk of today s giant were built by highly educated immigrants that came mostly because of the high salaries
- candiodari 4y agoWith inflation at the level that it is, everyone will end up with minimum salary anyway, so what's the point?
- retinaros 4y agono. inflation is really good in an economy where salaries rise. its good to borrow money, its good for the working population (the one that makes the country thrive) and it is less good for retired people (that already own wealth and lived through better economic times) In France think about it, the majority of the working population voted for Marine LePen, the majority of retired people voted for Macron, Young non working people voted for Melenchon. Hence why macron needs to satisfy his base, old people that retired early and now wants us to work more so that they can enjoy more their stress free life while everything is more expensive for the rest of us.
- candiodari 4y agoI think you'll find French pensions do not rise to keep pace with inflation. And especially not "promised" pensions, you know yours or mine, the pension for people still working.
- retinaros 4y agoyes they did rise this year linked to inflation while at the same time gov insisted for not raising salaries
- candiodari 4y agoAs I said they did not rise to keep pace with inflation. Which means they got closer to the minimum. The minimum, btw, also dropped, expressed in real goods.