At the Grand Jury RTL-LCI-Le Figaro this Sunday, the president of Medef wanted to issue a “warning cry” on this subject which weighs on the purchasing power of the French.
By
Julie Ruiz
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“This should be the great cause of the quinquennium“. Sunday guest of the Grand Jury RTL-LCI-Le Figarothe number 1 of the Medef, Geoffroy Roux de Bézieuxwanted to push a “warning cryon the lack of housing construction in France, saying the country will “ahead of a disaster” on this topic. For the president of the employers’ union, the gap between construction and housing demand has reached worrying levels. The number of new homes built will certainly be “below 300,000 in 2024“, far from the 500,000 needed per year. According to his analysis, this situationshould be the great cause of the quinquenniumbecause this tension between demand and supply creates price levels thatreduce purchasing power” the French.
Asked about inflation and the demands for a salary increase, he thus recalled, without denying the food inflation, that housing for those who are not owners was the center of expenditure “who matters the mostin a budget. He also worried about the fate of the French who get up early – according to the famous expression of Nicolas Sarkozy – “who earn their living but have difficult ends of the month“. In the face of inflation, he deemed it legitimate to ask employees for a raise, but he also wanted to point out that last year on this point companies, especially the largest ones, had “does the job“.
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In contact with the field, he thus noted that requests for salary increases are the major subject encountered by French business leaders – with recruitment difficulties. On this point, the number one of the Medef thus castigated the fact that in France, even today, “work pays, but does not pay enough compared to non-work“.