France witnesses nationwide strike protesting proposed pension reform and increased retirement age

French union activists staged strikes as they sought to reignite resistance to a higher retirement age. But the last-ditch effort drew fewer followers than at the height of the movement earlier this year, and even some union leaders seemed ready to move on. Macron says the reform is needed to finance the pension system as the population ages. Unions and left-wing opponents say the changes hurt poorer workers and argue for higher taxes on the wealthy and employers instead. Click the video to learn more! For more: #france #strike #work #pay #salary Subscribe to us on YouTube: Download our APP on Apple Store (iOS): Download our APP on Google Play (Android): ...(read more)

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France: New Nationwide Strike Against Pension Reform and Higher Retirement Age France is no stranger to strikes and protests, and now the country is bracing itself for yet another massive nationwide strike against proposed pension reforms. The French government, led by President Emmanuel Macron, has been under intense pressure to modify the pension system, which has been a cornerstone of the country's social welfare system for years. However, the proposed reforms have faced widespread opposition, with critics arguing that they may undermine the retirement security of many workers. The strike, scheduled for September 23rd, has been called by several major unions, including the General Confederation of Labor (CGT) and the French Democratic Confederation of Labor (CFDT). These unions are concerned that the new reforms will increase the retirement age to 64, while also making changes to the way pensions are calculated. They argue that such changes disproportionately affect workers in physically demanding jobs or those who have been working for longer periods. President Macron's government defends the proposed reforms, claiming that they are necessary to ensure the long-term financial sustainability of the pension system. They argue that an aging population and a lower birth rate make it imperative to adapt the system to prevent its collapse in the future. The government proposes a points-based system, where each individual accumulates points throughout their working life, which are then converted into pension benefits upon retirement. However, many citizens remain skeptical of these claims, viewing the reforms as a way to balance the budget at the expense of the working class. Unions fear that the government is shifting the financial burden of an aging population onto workers rather than seeking alternative solutions, such as increased taxes on the wealthy or corporations. The strike in September echoes the Yellow Vest movement that emerged in 2018, which was initially triggered by fuel price hikes but soon evolved into a broader protest against the government, tax reforms, and social inequality. The new strike has the potential to mobilize various segments of society, including transport workers, teachers, and healthcare professionals, disrupting everyday life in the country. President Macron's presidency has faced several challenges in the past, including strikes by railway workers in 2018 and protests against labor reform in 2016. The government has been under scrutiny for what many perceive as a pro-business stance and a disconnect from ordinary citizens. The outcome of the planned strike remains uncertain, but the government must tread carefully to avoid fueling public anger even further. Past experiences have shown that when the French take to the streets, they can exert significant political influence. As the strike approaches, negotiations between the government and unions are intensifying, but finding a compromise that satisfies both parties may be challenging. The French government faces a delicate balancing act - addressing the concerns of workers while safeguarding the long-term sustainability of the pension system. Whether President Macron's administration will be able to strike this balance and avert a prolonged period of strikes and protests remains to be seen. However, one thing is certain - the outcome of the upcoming strike will have far-reaching consequences for the future of France's pension system and its social fabric. https://inflationprotection.org/france-witnesses-nationwide-strike-protesting-proposed-pension-reform-and-increased-retirement-age/?feed_id=143767&_unique_id=6522622f04313 #Inflation #Retirement #GoldIRA #Wealth #Investing #CGTN #news #RetirementPension #CGTN #news