The sliding wage scale consists in increasing the
wage
A wage is payment made by an employer to an employee for work (human activity), work done in a specific period of time. Some examples of wage payments include wiktionary:compensatory, compensatory payments such as ''minimum wage'', ''prevailin ...
s as the prices rise in order to maintain the
purchasing power
Purchasing power refers to the amount of products and services available for purchase with a certain currency unit. For example, if you took one unit of cash to a store in the 1950s, you could buy more products than you could now, showing that th ...
of the workers even if there is
inflation
In economics, inflation is an increase in the average price of goods and services in terms of money. This increase is measured using a price index, typically a consumer price index (CPI). When the general price level rises, each unit of curre ...
.
Application
In France
The sliding wage scale was introduced in France in July 1952 under the president
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 Aurio ...
(
SFIO
The C programming language provides many standard library functions for file input and output. These functions make up the bulk of the C standard library header . The functionality descends from a "portable I/O package" written by Mike Lesk at ...
) in the administration Antoine Pinay (
RI).
It was removed in 1982 as
Jacques Delors
Jacques Lucien Jean Delors (; 20 July 192527 December 2023) was a French politician who served as the eighth president of the European Commission from 1985 to 1995. Delors played a key role in the creation of the single market, the euro and th ...
(
PS) was Finance minister, in the second administration of Pierre Mauroy (
PS).
In Italy
In Italy it was introduced in 1945, modified several times since and definitely removed in 1992.
In the European Union
Since 2013 salaries of employees of the institutions of the
European Union
The European Union (EU) is a supranational union, supranational political union, political and economic union of Member state of the European Union, member states that are Geography of the European Union, located primarily in Europe. The u ...
are linked to the rate of inflation of
Belgium
Belgium, officially the Kingdom of Belgium, is a country in Northwestern Europe. Situated in a coastal lowland region known as the Low Countries, it is bordered by the Netherlands to the north, Germany to the east, Luxembourg to the southeas ...
and
Luxembourg
Luxembourg, officially the Grand Duchy of Luxembourg, is a landlocked country in Western Europe. It is bordered by Belgium to the west and north, Germany to the east, and France on the south. Its capital and most populous city, Luxembour ...
.
Politico June 21, 2022
"Commission staff get pay raise — against its own advice"
See also
* Indexation
Indexation is a technique to adjust income payments by means of a price index, in order to maintain the purchasing power of the public after inflation, while deindexation is the unwinding of indexation. It is often used to make sure regular paym ...
* Living wage
* Real wages
Real wages are wages adjusted for inflation, or equivalently wages in terms of the amount of goods and services that can be bought. This term is used in contrast to nominal wages or unadjusted wages. Because it has been adjusted to account for ...
References
Wages and salaries
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