The automatic revaluation of the Smic should be around 1.8% on January 1, according to the panel of economists consulted before each rise, which recommends refraining from any “impulse”, according to its report consulted this Thursday by AFP.
The group of experts, chaired by Gilbert Cette, recalls that in a context of high inflation in 2022, “the Smic appreciated by 5.6% in total” with increases on January 1, May 1 and August 1. At the end of the last revaluation, the net monthly minimum wage reached 1,329.05 euros.
The Smic benefits each year from a mechanical increase, calculated according to two criteria: inflation observed for the 20% of households with the lowest income and half the gain in purchasing power of the basic hourly wage of workers and employees (SHBOE).
automatic reset
For January, according to a “provisional estimate”, the automatic revaluation would be “around 1.8%” compared to August 1, an increase of about 24 euros, according to the report.
He adds that “given the dynamics of inflation, the final numbers are likely to be a bit higher.” The inflation data that allows the definitive calculation will be known on December 15.
The panel of economists, consulted every year since 2008 before each revaluation, advises the Government not to grant a “boost”, as it usually advises against.
His justification: “Too strong a dynamic of the Smic could have negative effects on the employment of the most fragile workers” and the economy remains “fragile”.
The panel of economists also recommends modifying the formula to raise the minimum wage. Among the clues, he suggests the idea of ”automatically indexing the Smic on the average of the evolutions of the minimum wages of a panel of branches” representative.
Source: BFM TV
