On January 1, the gross hourly minimum wage will increase from 11.52 euros to 11.65 euros due to inflation, according to an AFP calculation, also carried out by franceinfo.
Published
Update
Reading time: 1 min
:quality(50)/2023/12/15/080-hl-mcohen-1826953-657c2007957a0230965905.jpg)
A slight increase. The minimum wage will be automatically increased by 1.13% on January 1, 2024, bringing the gross hourly minimum wage to 11.65 euros, compared to 11.52 euros currently, according to an AFP calculation, Friday December 15, confirmed by franceinfo. For full-time work, the minimum wage will therefore increase by 15.62 euros net per month, to stand at 1,398 euros net. This increase is calculated based on the level of inflation in November, which reached 3.5% year-on-year. As of January 1, 2023, the minimum wage had increased by 24 euros net.
This increase is lower than what was predicted at the end of November by a group of experts on the minimum wage, which expected a 1.7% increase in the minimum wage at the start of 2024. This group recommended that the government abstain of all “boost” going beyond the automatic revaluation mechanism based on inflation.
He notably argued that the minimum wage was increased seven times between January 1, 2021 and December 31, 2023, for a total increase of 13.5%, and estimated that a greater increase could have negative effects. “on the employment of vulnerable people”.
According to statistics from the Ministry of Labor (Dares), the number of employees paid the minimum wage has increased significantly, rising to 3.1 million as of January 1, 2023, or 17.3% of all employees.