France: presidential smoke and mirrors
On Monday evening, Macron gave a televised speech in an attempt to placate the yellow vest movement that now threatens his government. The following day, its contents were scrutinised and debated among all who have mobilised in recent weeks. The verdict: "smoke and mirrors". In particular, "the increase of the minimum wage by 100 euros" includes the automatic revaluation of the minimum wage scheduled for January 2019, in addition to an increase in the "activity premium" supplement, which will not cost employers one cent – and will not be taken into account when calculating pension entitlements.