US EditionNo longer any difference in Spain between minimum wage (€15,120) and most frequent salary (€15,575)
6 Articles
6 Articles
The gap between the interprofessional minimum wage (SMI) and the most common salary in Spain (known as...
The gap between the minimum interprofessional wage (SMI) and the most common salary in Spain (known as modal wage) has been reduced "drastically" between 2018 and 2023, from 40% to 3% due to the loss of purchasing power of the middle class and the working woman, as can be seen from the report 'Wage equality and economic impoverishment' of the Instituto Juan de Mariana (IJM). Thus, the 'gap' has gone from over 8,000 euros to just over 400 euros i…
Between 2018 and 2023, the gap between the Minimum Interprofessional Wage (SMI) and the most common salary in Spain – known as the modal wage – has narrowed noticeably: from...
The gap between the minimum interprofessional wage (SMI) and the most common salary in Spain (known as modal wage) has been reduced "drastically" between 2018 and 2023, from 40% to 3% due to the loss of purchasing power of the middle class and the working woman, as can be seen from the report 'Wage equality and economic impoverishment' of the Instituto Juan de Mariana (IJM).In this way, the 'gap' has gone from over 8,000 euros to just over 400 e…
The liberal think tank denounces that the rise in the minimum wage is impoverishing the working middle class.
No longer any difference in Spain between minimum wage (€15,120) and most frequent salary (€15,575)
The Corner The urgency with which the minimum wage (SMI) has been increased in Spain (a 46% rise just between 2018 and 2023, triple the increase of the preceding decade) clashes with companies’ real capacity to absorb it. And this has an impact: if the nominal SMI was equivalent to 60% of the modal (most frequent) salary in 2018, it reached 97% in 2023. Thus, in Spain, the interprofessional minimum wage is...
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