France raises minimum wage 1.6% from Dec 1, above 1,500 euros net

The French government announced a 1.6% increase in the minimum wage (Smic), effective December 1, bringing it to approximately 1,502 euros net per month. The increase is both earlier than scheduled and larger than the automatic adjustment, reflecting a policy decision to boost low-income purchasing power. This is a domestic political move with limited direct market impact, though it may signal fiscal expansion.

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