Unemployment insurance, a not so stupid reform when the IMF interferes!

As you know, the government is in the process of pushing through a reform of the social security fund, which should make it possible to make the duration of the compensation flexible.

Under 9% unemployment, the duration of the compensation is reduced by 25%, which is currently the case. This means that we go from 24 theoretical months of unemployment to only 18 months of compensation. This small difference will of course be such that people are forced to work 6 months earlier or 6 months faster than if the duration of the compensation were 24 months. Logic.

Unfair reform?


Why ?

Because we do not affect the size of the compensation, but its duration.

18 months is objectively more than enough to find a job, especially when there is, which is the case today.

We can possibly discuss the threshold used (9%), and we could lower this threshold for example to 7 or 8%, but you will always find me on the side of work, employment and activity.

I even advocate the opposite right to employment. No help, but a job for everyone would be a better principle than assistantship (obviously depending on the state of health).

As for the IMF, it is waking up and coming to knock on our country and its leadership.

The IMF wants a less thrifty France

The IMF believes it is time to end “whatever it takes”.

France must begin to restore a decent appearance to the curve of its public finances and to this end implement reforms that ensure a reduction in spending in the long term, the IMF recommended in a report published on Monday. A coincidence of the calendar that falls quite well, while Labor Minister Olivier Dussopt presented the new rules for the social security fund.

Because for the international institution, this reform must actually contribute to improving the situation. “Introducing countercyclicality in unemployment benefits by varying eligibility and/or duration of benefits based on labor market conditions will (…) strengthen labor market incentives while generating cost savings,” the report states. This development – ​​now largely on track – is of course not the only one cited by the IMF. At the top of the list is still the pension reform. A “comprehensive reform that should improve the participation rate of older workers by gradually increasing the effective retirement age, improving the fairness and sustainability of the system, while taking into account specific situations”, the report insists as every year. He also mentions, as a source of savings, the reduction of tax loopholes.

And the IMF report goes on to spell out the reforms that understand the savings we should make.

So you may not like the IMF (which I do too) but still the reality and the facts are harsh.

The reality is that we do anything and we still run our country.

Helping is not helping.

I grew up in a world in the 80’s and 90’s where RSA didn’t exist!

Yes, you read that right.

RSA didn’t exist. I saw Michel Rocard, Prime Minister at the time, put it in place. We were in 1992 from memory and it was called RMI. The minimum integration income.

Back then we had significantly fewer homeless people than today. We didn’t have slums in Paris and even less villages of tents with thousands of poor buggers living under the stars, politically correct term for saying “on the streets”.

Charles SANNAT

“This is a ‘presslib’ article, that is, free of reproduction in whole or in part, provided that this paragraph is reproduced after it. Insolentiae.com is the site where Charles Sannat expresses himself daily and delivers an unabashed and uncompromising analysis of economic news. Thank you for visiting my site. You can subscribe to the daily newsletter for free at www.insolentiae.com. »

Source Le Figaro.fr here

Leave a Comment