this 2022 is now an ‘annus horribilis’ for family economies, with a shopping cart that grows with all the vitality that wages don’t have. Referring to the second quarter of the year, INE released its quarterly survey of labor costs this Friday, which reveals: salary per hour actually worked barely increased last year 1.1%, with an average salary of 2,153.9 euros per month (12 payouts) gross. in front of someone inflation It was realized as 10.2% in the same period. year
INE data also reveal that not all sectors are affected by the inflationary spiral in the same way, and that effective wages in services, where the majority of the population is employed, have remained stagnant in the industry over the past 12 months (+0.2%). a meager 3.2% and a 6.5% increase in construction – which is loss of purchasing power It describes the money companies invest in attracting workers and sustaining the upward activity recorded by the industry.
In the current post-pandemic phase, companies are prioritizing hiring new staff over improving the working conditions of those already in the workforce. This partly explains the higher rate of increase in GDP than wages. Or that companies spend much more on wages than they increase their hourly wages. For the average salary cost a company pays to hire workers increased 4.3 percent last yearwage cost per hour worked only increased by 1.1%.
More people were hired and more hours for part-time workers and management offered to extend working hours. what it matches good numbers Task In the first half of the year, until July, figures for Social Security institutions broke record after record despite the hostile international context.
at the tail of Europe
This week, Eurostat, the statistical office of the European Union (EU), updated its common database on the evolution of labor costs. Accordingly, wage increases paid by companies in Spain are among the lowest in Europe. Salaries increase less in Greece, Finland, Denmark and the Netherlands only. The average wage increase recorded by Eurostat for Spain is 42% below the average increase for the 27-man club as a whole.
Given the lack of understanding between employers and union bosses, the generalized blockade of collective bargaining partly explains the poor progress in salaries. Well, the bulk of the collective agreements have not been renewed—which means wage freezes for workers—and few of those that are renewed do so in increments that are far from current inflation. These few renewed contracts do so with one contract, according to the latest data compiled by the Department of Labor. average wage increase 2.6%four times below what prices have risen.
High unemployment drives down wages
Since the outbreak of the epidemic and nearly 800,000 jobs were largely destroyed in less than a month, the Spanish labor market has seen the number of employed increase and increase. Despite setbacks at the end of the summer, Spain is currently registration of active employees. However, this record combined with 2.9 million by 2022 is currently an ‘annus horribilis’ for family economies and a shopping cart growing with all the vitality that wages are lacking. This Friday, INE released its quarterly survey of labor costs, referring to the second quarter of the year; this revealed that the salary per actual hour worked only increased by 1.1% last year, placing the average salary at 2,153.9 euros. monthly gross (12 payments). Compared to inflation in the same period, it was 10.2% per year.