this Canadian model that inspires Emmanuel Macron

Emanuel Macron. GONZALO FUENTES/REUTERS

DECRYPTION – It is a question of modulating the rules of compensation according to the labor market.

To the same evils, the same remedies? To accelerate the return to employment of some 2.3 million unemployed (as defined by the ILO) in France while redressing the accounts of a heavily indebted regime, Emmanuel Macron wishes to draw inspiration from the Canadian model to change the operation of the three-color unemployment insurance system. How? By modulating, on the basis of parameters representative of employment and the economic situation, the rules of compensation according to the labor market.

The idea is intellectually appealing: better protect job seekers by being more “generous” when unemployment is high and, conversely, tighten the conditions for returning to work when too many positions are unfilled. In short, it is a question of reinforcing the counter-cyclical nature of the unemployment insurance mechanism. Philosophically, this is the system put in place in the 1970s in Canada to improve the financial situation of the plan.

To sum up, the compensation rules…

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