Almost half of young Spaniards Minors under the age of 25 receive salaries less 1,252.7 euros monthly gross. So less than the equivalent monthly amount. interprofessional minimum wage (1080 Euros in 14 payments or 1260 Euros in 12 payments). This is also confirmed by the active population survey (EPA) published by INE this Friday. wage inequality It has been decreasing by age group over the last decade, albeit with particular intensity in the last five years, coinciding with the strong increases in the minimum wage approved by the order of Pedro Sánchez.
The average salary in Spain stood at 2,128 gross euros per month in 2022. average salarythat is, the person to whom the majority of workers pay their salaries. 1,814 euros monthly gross. This represents an increase of 3.2% compared to the previous year and confirms a strong loss of purchasing power for the majority of workers; In the same period, prices increased by 8%.
SMI and 60% reference
The government expects to bring employers and unions together to negotiate what the increase in the interprofessional minimum wage (SMI) should be for 2024. For reference, PSOE and Sumar assumed that SMI should equal 60% each year. Average salary earned by a Spanish worker. According to data published this Friday by INE, the average salary in Spain in 2022 was 2,128.37 euros gross per month. And therefore 60% of the figure in question becomes 1,277 euros gross per month. Very close to the current state of the minimum wage, but a lower amount, 1,260 euros gross per month (in 12 payments).
Now the Government’s expert committee will need to collect a range of data to shape its own pay rise proposal. First you need to define what you understand to be the average salary in Spain and based on this calculate 60% of this and recommend to the Manager to increase the salary base accordingly.