AI and inequalities in the labor market
Technological shocks are often seen as causing risky situations in the labour market.This question is old, it was well described by Alfred Sauvy in “The Machine and Unemployment” (1980).The arrival…
Philippe Waechter's blog
Minimum Wage and Living Wage*
The European Commission has validated a directive on the concept of a decent minimum wage. It is defined as a measure that allows an employee to live off his salary…
The Euro Area creates more jobs than in the US. Is it efficient ? What about France and its specific labor market ?
Employment is growing in the Eurozone and activity is growing rapidly despite the crisis in Ukraine. However, the room for manœuvre in the management of the economy is limited. Very…
The US labor market lacks of momentum
The US labor market is slow to normalize despite a higher #participation rate. The deviation from the trend of the previous cycle stabilizes at more than 9 million missing jobs.…
From Today to Tomorrow – December 22 – The three ruptures of the health crisis – We must rebuild the economy
The health crisis was a life-size experience. As a result of active economic policies, economies have been resilient. But three ruptures will change the economy of tomorrow.The first is the…
Reflections on pensions in France
Discussions in France about retirement often give the impression that pensions have to correct a large part of the inequalities of the working period.They suggest an at least partial dissociation…
A robust French Economy despite the strike
The Markit survey for France does not suggest in December an inflection that can be linked to the social movement. The economy’s capacity to adapt is stronger than we imagine…
Some thoughts on the economic cycle
The economic cycle is only truly useful when it is regular enough to make the economy predictable. The Phillips curve provided for an assessment of economic cycles, but this approach…