“We are proposing an equalization fund” so that “large companies help small companies”, explains Mathilde Panot

“I do not accept that we are told every time that it would be impossible to live better in this country, that it would be impossible to share the wealth,” the rebellious MP complains indignantly in the face of the objections of the governor of the Bank of France.

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Mathilde Panot, MP for La France Insoumise in Val-de-Marne, on franceinfo on July 11, 2024. (FRANCEINFO / RADIO FRANCE)

“We are proposing an equalization fund that allows large companies to help small companies”clarified on Thursday July 11 on franceinfo the deputy of La France insoumise of Val-de-Marne Mathilde Panot on the subject of the increase of the minimum wage. The left-wing alliance of the New Popular Front, which came out on top in the second round of the legislative elections, proposes to increase the minimum wage by more than 200 euros to bring it to 1,600 euros net.

A measure which arouses the concern of the governor of the Bank of France, François Villeroy de Galhau. “I believe that in economic competition, our SMEs, our businesses cannot be weighed down by excessive salary costs, including the minimum wage, and by excessively high taxes.”he judged Thursday on franceinfo. “It would be very bad for employment right away, and very bad for purchasing power in the long term.”hammered home the head of the Bank of France. “Every time we have wanted to make gains or advances for workers’ rights throughout the history of our country, every time we have been told that it was impossible,” retorted the Val-de-Marne MP re-elected to the presidency of the LFI parliamentary group.

Via this “equalization fund”“, such a measure will be possible, according to Mathilde Panot. “Big business helps small business”she explained, also suggesting reorienting “the more than 200 billion in public aid to businesses that are given each year without any compensation.” “When you give people back the means to live with dignity, you also boost popular consumption and therefore the order books of very small and medium-sized enterprises”pleaded the elected Insoumise. “Not only does it create jobs, but it also makes jobs more attractive”according to her.

“I do not accept that we are told every time that it would be impossible to live better in this country, that it would be impossible to share the wealth”she added. La France Insoumise had already tried to propose increasing the minimum wage to 1,600 euros and setting up an equalization fund in a proposed text as part of its parliamentary initiative day in November 2022. The text was rejected by the Social Affairs Committee of the National Assembly.


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