Rising Costs and Minimum Wage Destroy 16,223 Small Businesses
4 Articles
4 Articles
Almost 16,223 self-employed people have put an end to this year, according to the employer Cepyme. The rise in the Minimum Interprofessional Wage (SMI) and an increase in labour costs that has already reached 29% since 2019 are behind this drop of closures. And the thing doesn’t look good: if the war in Iran is prolonged, the dismissals in micro-enterprises could multiply. The rise of the SMI has been 5% in 2026, a new round of nuts that for man…
Rising Costs and Minimum Wage Destroy 16,223 Small Businesses
The Corner Cepyme, the employers’ association for small and medium-sized enterprises, warns of a 29% increase in labor costs for small businesses since 2019. It also cautions about further closures and layoffs in micro-enterprises if the conflict in Iran persists. Between the first quarter of 2021 and the fourth quarter of 2025—a five-year period—the statutory minimum wage (SMI) in Spain grew by 22.7%, rising from €965 to €1,184 (paid in fourtee…
Angela de Miguel, president of CESME, warns that costs in Spain have risen 25% while productivity stagnates.
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