Réduire la dépendance externe et indexer les revenus du travail

The author contends that inflation in the Eurozone is caused by vulnerability to global shocks—such as the energy crisis and supply chain disruptions—rather than a 'wage-price spiral'. The text criticizes the use of restrictive monetary policies (raising interest rates) as harmful and suggests that companies are maintaining or increasing margins by passing costs to consumers. To counter the decline in the wage share of GDP, the document proposes indexing wages to inflation, taxing superprofits, and investing in domestic transport, housing insulation, and agriculture to reduce reliance on imported inputs.

• Inflation in the Eurozone and the US is significant, with rates of 10% in the Eurozone in September and 8.32% in the US in August. Within the Eurozone, there are wide disparities, ranging from 6.2% in France to over 20% in the Baltic countries.
• The current inflation is not caused by rising wages but by an excessive dependence on globalization, including disruptions to global production chains from Covid-19, the energy crisis linked to the war in Ukraine, and speculative movements.
• Companies are passing increased costs onto consumer prices to maintain or increase profit margins, leading to a decrease in the wage share of the GDP in the Eurozone, which is projected to drop from 57.6% in 2020 to 54.9% in 2023.
• Restrictive monetary policies, such as raising interest rates by the BCE and the US Federal Reserve, are viewed as detrimental because they risk generating unemployment and recession without addressing the actual causes of inflation.
• To mitigate the loss of real income for workers, the document recommends implementing wage indexation mechanisms, taxing superprofits, and investing in domestic sectors like agriculture, transport, and housing insulation to reduce reliance on imported energy and inputs.

APA

Monvoisin, J. M. V. (2022). Réduire la dépendance externe et indexer les revenus du travail. Green European Journal. https://www.greeneuropeanjournal.eu/reduire-la-dependance-externe-et-indexer-les-revenus-du-travail/

Chicago

Monvoisin, Jonathan Marie, Virginie. Réduire la dépendance externe et indexer les revenus du travail. Green European Journal, 2022. https://www.greeneuropeanjournal.eu/reduire-la-dependance-externe-et-indexer-les-revenus-du-travail/.

Wikipedia

{{cite press release |last1=Monvoisin |first1=Jonathan Marie, Virginie |title=Réduire la dépendance externe et indexer les revenus du travail |publisher=Green European Journal |date=19 December 2022 |url=https://www.greeneuropeanjournal.eu/reduire-la-dependance-externe-et-indexer-les-revenus-du-travail/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{monvoisin2022rduire, author = {Monvoisin, Jonathan Marie, Virginie}, title = {{Réduire la dépendance externe et indexer les revenus du travail}}, publisher = {Green European Journal}, year = {2022}, month = dec, url = {https://www.greeneuropeanjournal.eu/reduire-la-dependance-externe-et-indexer-les-revenus-du-travail/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }