France -Minimum wage increased -June 27, 2012

For the first time in 6 years the French minimum wage (SMIC) will increase. The socialist government has announced a (limited) rise to 0.6% above the inflation rate. The rise amounts 2% to €9.40 an hour from 1 July 2012, of which 1.4% is accounted for by inflation. It is the first time the minimum wage, which affects one in six workers, will be raised above inflation since a 0.3% boost in 2006, before former president Sarkozy froze it in real terms.

English: http://www.ft.com/cms/s/0 ...

French: http://www.liberation.fr/economie/2012/06/26/le-smic-devrait-augmenter ...

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