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Spain’s Industrial and Wage Decline: the Increase in Military Spending Will Not Alleviate the Situation

Summary by noticiaslatam.lat
The Spanish industry has lost more than 700,000 workers in the last 25 years. In addition to low productivity, there is a lack of digitisation and little investment in R & D. The increase in defence investment will not result in a substantial improvement in employment, an area dominated by wage devaluation and a real unemployment that differs from the official one.
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noticiaslatam.latnoticiaslatam.lat

Spain’s Industrial and Wage Decline: the Increase in Military Spending Will Not Alleviate the Situation

The Spanish industry has lost more than 700,000 workers in the last 25 years. In addition to low productivity, there is a lack of digitisation and little investment in R & D. The increase in defence investment will not result in a substantial improvement in employment, an area dominated by wage devaluation and a real unemployment that differs from the official one.

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noticiaslatam.lat broke the news in on Thursday, July 24, 2025.
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