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Sliding Wage Scale
The sliding wage scale consists in increasing the wages as the prices rise in order to maintain the purchasing power of the workers even if there is inflation. Application In France The sliding wage scale was introduced in France in July 1952 under the president Vincent Auriol ( SFIO) in the administration Antoine Pinay ( RI). It was removed in 1982 as Jacques Delors ( PS) was Finance minister, in the second administration of Pierre Mauroy ( PS). In Italy In Italy it was introduced in 1945, modified in 1982 and definitely removed in 1992. In the European Union Since 2013 salaries of employees of the institutions of the European Union are linked to the rate of inflation of Belgium and Luxembourg Luxembourg ( ; lb, Lëtzebuerg ; french: link=no, Luxembourg; german: link=no, Luxemburg), officially the Grand Duchy of Luxembourg, ; french: link=no, Grand-Duché de Luxembourg ; german: link=no, Großherzogtum Luxemburg is a small lan .... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wage
A wage is payment made by an employer to an employee for work done in a specific period of time. Some examples of wage payments include compensatory payments such as ''minimum wage'', '' prevailing wage'', and ''yearly bonuses,'' and remunerative payments such as ''prizes'' and ''tip payouts.'' Wages are part of the expenses that are involved in running a business. It is an obligation to the employee regardless of the profitability of the company. Payment by wage contrasts with salaried work, in which the employer pays an arranged amount at steady intervals (such as a week or month) regardless of hours worked, with commission which conditions pay on individual performance, and with compensation based on the performance of the company as a whole. Waged employees may also receive tips or gratuity paid directly by clients and employee benefits which are non-monetary forms of compensation. Since wage labour is the predominant form of work, the term "wage" sometimes refers to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Purchasing Power
Purchasing power is the amount of goods and services that can be purchased with a unit of currency. For example, if one had taken one unit of currency to a store in the 1950s, it would have been possible to buy a greater number of items than would be the case today, indicating that the currency had a greater purchasing power in the 1950s. If one's monetary income stays the same, but the price level increases, the purchasing power of that income falls. Inflation does not ''always'' imply falling purchasing power of one's money income since the latter may rise faster than the price level. A higher real income means a higher purchasing power since real income refers to the income adjusted for inflation. Traditionally, the purchasing power of money depended heavily upon the local value of gold and silver, but was also made subject to the availability and demand of certain goods on the market. Most modern fiat currencies, like US dollars, are traded against each other and commodity mon ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Inflation
In economics, inflation is an increase in the general price level of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money. The opposite of inflation is deflation, a sustained decrease in the general price level of goods and services. The common measure of inflation is the inflation rate, the annualized percentage change in a general price index. As prices do not all increase at the same rate, the consumer price index (CPI) is often used for this purpose. The employment cost index is also used for wages in the United States. Most economists agree that high levels of inflation as well as hyperinflation—which have severely disruptive effects on the real economy—are caused by persistent excessive growth in the money supply. Views on low to moderate rates of inflation are more varied. Low or moderate inflation may be ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vincent Auriol
Vincent Jules Auriol (; 27 August 1884 – 1 January 1966) was a French politician who served as President of France from 1947 to 1954. Early life and politics Auriol was born in Revel, Haute-Garonne, as the only child of Jacques Antoine Auriol (1855–1933), a baker nicknamed Paul, and Angélique Virginie Durand (1862–1945).See Auriol's extensive biography by Jacques Batigne olauragais-patrimoine.fr His great-grandmother, Anne Auriol, was a first cousin of English engineer Isambard Kingdom Brunel. He earned a law degree at the Collège de Revel in 1904 and began his career as a lawyer in Toulouse. A committed socialist, Auriol co-founded the newspaper '' Le Midi Socialiste'' in 1908; he was head of the Association of Journalists in Toulouse at this time. In 1914, Auriol entered the Chamber of Deputies as a Socialist Deputy for Muret, a position he retained until 1942.See the list of his mandates as a deputy oassembleenationale.fr He also served as Mayor of Muret from ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
French Section Of The Workers' International
The French Section of the Workers' International (french: Section française de l'Internationale ouvrière, SFIO) was a political party in France that was founded in 1905 and succeeded in 1969 by the modern-day Socialist Party. The SFIO was founded during the 1905 Globe Congress in Paris as a merger between the French Socialist Party and the Socialist Party of France in order to create the French section of the Second International, designated as the party of the workers' movement. The SFIO was led by Jules Guesde, Jean Jaurès (who quickly became its most influential figure), Édouard Vaillant and Paul Lafargue (Karl Marx's son in law), and united the Marxist tendency represented by Guesde with the social-democratic tendency represented by Jaurès. The SFIO opposed itself to colonialism and to militarism, although the party abandoned its anti-militarist views and supported the national union government (french: link=no, Union nationale) facing Germany's declaration of w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Independent Republicans
The Independent Republicans (french: Républicains Indépendants, RI) were a liberal-conservative political group in France founded in 1962, which became a political party in 1966 known as the National Federation of the Independent Republicans (''Fédération nationale des républicains et indépendants'', FNRI). Its leader was Valéry Giscard d'Estaing. In 1977 it became the Republican Party which joined the Union for French Democracy (UDF) the following year. History The Independent Republicans came from the liberal-conservative National Centre of Independents and Peasants (CNIP). In 1962, the CNIP chose to leave Charles de Gaulle's coalition due to his Euroscepticism and the presidentialisation of the regime. But, the CNIP ministers refused to leave the cabinet and the "presidential majority". Under the leadership of the Minister of Economy and Finances Valéry Giscard d'Estaing, they created the group of the Independent Republicans. It was the small partner of the Gau ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jacques Delors
Jacques Lucien Jean Delors (born 20 July 1925) is a French politician who served as the 8th President of the European Commission from 1985 to 1995. He served as Minister of the Economy, Finances and Industry (France), Minister of Finance of France from 1981 to 1984. He was a Member of the European Parliament from 1979 to 1981. As President, Delors was the most visible and influential leader in European affairs. He implemented the policies that closely linked the member nations together and promoted the need for unity. He created a single market that made the free movement of persons, capital, goods, and services within the European Economic Community (EEC) possible. He also headed the committee that proposed the monetary union to create the Euro, a new single currency to replace individual national currencies. This was achieved by the signing of the Maastricht Treaty in 1992. French politics Born in Paris in a family originating from Corrèze, Delors first held in the 1940s throu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Socialist Party (France)
The Socialist Party (french: Parti socialiste , PS) is a French centre-left and social-democratic political party. It holds pro-European views. The PS was for decades the largest party of the "French Left" and used to be one of the two major political parties in the French Fifth Republic, along with The Republicans. It replaced the earlier French Section of the Workers' International in 1969 and is currently led by First Secretary Olivier Faure. The PS is a member of the Party of European Socialists, Progressive Alliance and Socialist International. The PS first won power in 1981, when its candidate François Mitterrand was elected president of France in the 1981 presidential election. Under Mitterrand, the party achieved a governing majority in the National Assembly from 1981 to 1986 and again from 1988 to 1993. PS leader Lionel Jospin lost his bid to succeed Mitterrand as president in the 1995 presidential election against Rally for the Republic leader Jacques Chir ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Union
The European Union (EU) is a supranational political and economic union of member states that are located primarily in Europe. The union has a total area of and an estimated total population of about 447million. The EU has often been described as a ''sui generis'' political entity (without precedent or comparison) combining the characteristics of both a federation and a confederation. Containing 5.8per cent of the world population in 2020, the EU generated a nominal gross domestic product (GDP) of around trillion in 2021, constituting approximately 18per cent of global nominal GDP. Additionally, all EU states but Bulgaria have a very high Human Development Index according to the United Nations Development Programme. Its cornerstone, the Customs Union, paved the way to establishing an internal single market based on standardised legal framework and legislation that applies in all member states in those matters, and only those matters, where the states have agreed to ac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Belgium
Belgium, ; french: Belgique ; german: Belgien officially the Kingdom of Belgium, is a country in Northwestern Europe. The country is bordered by the Netherlands to the north, Germany to the east, Luxembourg to the southeast, France to the southwest, and the North Sea to the northwest. It covers an area of and has a population of more than 11.5 million, making it the 22nd most densely populated country in the world and the 6th most densely populated country in Europe, with a density of . Belgium is part of an area known as the Low Countries, historically a somewhat larger region than the Benelux group of states, as it also included parts of northern France. The capital and largest city is Brussels; other major cities are Antwerp, Ghent, Charleroi, Liège, Bruges, Namur, and Leuven. Belgium is a sovereign state and a federal constitutional monarchy with a parliamentary system. Its institutional organization is complex and is structured on both regional ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Luxembourg
Luxembourg ( ; lb, Lëtzebuerg ; french: link=no, Luxembourg; german: link=no, Luxemburg), officially the Grand Duchy of Luxembourg, ; french: link=no, Grand-Duché de Luxembourg ; german: link=no, Großherzogtum Luxemburg is a small landlocked country in Western Europe. It borders Belgium to the west and north, Germany to the east, and France to the south. Its capital and most populous city, Luxembourg, is one of the four institutional seats of the European Union (together with Brussels, Frankfurt, and Strasbourg) and the seat of several EU institutions, notably the Court of Justice of the European Union, the highest judicial authority. Luxembourg's culture, people, and languages are highly intertwined with its French and German neighbors; while Luxembourgish is legally the only national language of the Luxembourgish people, French and German are also used in administrative and judicial matters and all three are considered administrative languages of the cou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
