The sharing of added value is the subject of intense public debates in France. But an essential aspect of the question often goes unnoticed: unequal sharing of risks linked to economic cycles. Since the 1990s, the share of capital no longer decreases at the time of the recession, as it had done in the 1970s or during the Great Depression.
The Costis report on the sharing of added value must be given to the President of the Republic on Wednesday, May 13. For this occasion, the life of ideas asked Philippe Askenazy, economist and specialist in the world of work, to deliver his vision of this fundamental issue. It turns out that the new deal is not so much the structural evolution as the lack of volatility: conventionally, the share of capital tends to decrease at the time of crises and recessions. However, since the 1990s, this is no longer the case. In this interview Philippe Askenazy explains the reasons for this evolution and offers several tracks to reverse the trend.
Interview carried out during the forum “ Reinvent democracy »Has held in Grenoble on May 8, 9 and 10, 2009.
– Video summary:
- How is the sharing of added value during the economic recession ?
- Can we quantify the benefits drawn by companies in the new risk sharing ?
- How to restore a fairer sharing of added value ?
- Does the minimum wage increase the employment ?