Unemployment, good numbers in trompe-l'oeil

Historical decline in the number of unemployed last month. But beware, this is a trompe l'oeil drop! These figures reflect, above all, a precarisation of the working world. Pôle emploi recorded 150,000 fewer unemployed workers last month. Excellent news. Except that these people did not disappear from the statistics ... They simply managed to get a little job, a few hours of fixed-term contract. But, they are still registered with Pôle Emploi… but in the category "person having carried out a reduced activity".

So, unfortunately, we can clearly see that we are facing a fragile economy, made up of short and precarious contracts.

And this is unfortunately one of the characteristics of this virus ... which is widening inequalities within society ... INSEE said this last week ... Those who during confinement suffered wage cuts are found at the bottom of the ladder ... While the most advantaged, they were able to continue working, and suffered no drop in wages. On the contrary, they were able to save. Because, the covid you say, will also accentuate the inequalities in wealth.

Why? ... Explain to us?

Yes, the 200 to 300 billion euros that the government borrowed from the European Central Bank to support the economy ... This is called liquidity ... a bit like adding water seals to the bathtub. Now, we know it very well ... This excess money in circulation ... will end up being housed in ... assets: the stock market, real estate So, you see, how the billions of the European Central Bank will further increase the heritages. Yes, with this covid: we have income losses at the bottom of the scale and wealth gains at the top of the scale. So yes, it polarizes society a little more, the generations too. Imagine the young person arriving on the job market…. no job, but always higher rents. Hence, moreover, the government's will to put the package on youth employment.