The minimum wage in France increased by 2% on 1st November 2024, raising the hourly gross rate to €11.88 from €11.65. This adjustment, part of France’s inflation-linked automatic wage revaluation system, ensures wages reflect rising living costs.
Since 1st November, full-time minimum wage earners in France have seen their monthly salaries rise by 2%. For a standard 35-hour work week, the gross monthly salary now stands at €1,801.80, equating to €1,426.30 net after taxes—an increase of €27.61 compared to the previous rate.
This revaluation affects over 17% of workers in France, demonstrating the importance of the salaire minimum interprofessionnel de croissance (SMIC) in maintaining wage equality and protecting purchasing power amid inflation.
The minimum wage has been increased eight times since 2021, including four mid-year revaluations triggered by high inflation. However, the French government has not implemented discretionary increases beyond the automatic mechanism since 2012.
The proportion of French workers on minimum wage has risen sharply in recent years. As of 1st January 2023, 17.3% of employees earned the SMIC, up from 14.5% in 2022 and 12% in 2021.
For more information, click here.
Read related:
Monaco’s GDP doubles in a decade: which industries are fuelling the Principality’s growth?
Monaco Life is produced by real multi-media journalists writing original content. See more in our free newsletter, follow our Podcasts on Spotify, and check us out on Threads, Facebook, Instagram, LinkedIn and Tik Tok.
Photo credit: Jessie McCall, Unsplash