“Capitalism is out of order”. For 20 years, there has been “too much income which is linked to capital and not enough to work”, denounced the director general of the Caisse des dépôts on Wednesday on BFM Business. Eric Lombard thus joins his voice to those denouncing the low wages in a period of high inflation. He also praised on the air the period of the Glorious Thirties, from 1945 to 1975, “where salaries evolved quite quickly”.
According to the leader of the Caisse des dépôts, which is the financial arm of the State and manages 1,200 billion euros, the increasingly high returns demanded by investors are at the expense of employees. “In the coming period, we will have two reasons to distribute purchasing power”: inflation and the ecological transition, which will require paying more for certain basic services.
The risk of a “dull, cold and explosive anger”
While the United States, and to a lesser extent Europe, have been experiencing a sharp acceleration in price increases for several months, more and more employees and unions are demanding wage increases. On Tuesday, the number one of Unsa Laurent Escure warned of the risk of “dull, cold and explosive anger” around the question of purchasing power.
What push most of the candidates for the presidential election, while branch negotiations are underway in more than a hundred professional sectors, to multiply the proposals to revalue the wages of the French and boost their purchasing power.