Workers who begin their activities in the labor market are salary goes down These are the first people to receive a paycheck in the past 10 years. In a situation characterized by increased employment and inertia driving the Spanish economy, … The list of young people 1,372 euros Compare with 2024 total (without tax) 1,387 euros Received in 2023. this is part of it Approximately 15 euros per monthThis amount impacts already meager salaries, and its decline stands in contrast to the dynamism shown by the remaining workers’ compensation.
The economic insecurity that young workers are experiencing is especially pronounced when compared to other workers. General trends in salary Spanish. Average salaries for employees improved by another 5% last year, continuing to rise since the end of the Great Recession in 2013, according to INE data. This trend was only broken by a group of workers with the following characteristics: Under 24 years old; Their income has decreased by 200 euros over the last year.
spanish salary
Average monthly salary (euros)
This is the first time in the past 10 years that young people’s salaries have fallen.
spanish salary
Average gross monthly salary (Euro)
This is the first time in the past 10 years that young people’s salaries have fallen.
The impoverishment of young people in the labor market is based on the most serious problems. the instability they have to endure At a contracted work center partialThat’s less than 40 hours a week. The weight of these types of contracts continues to widen among the under-24 population; 17% of total The remaining employees work less than 8 hours per day, compared to 83%. But just four years ago, before labor reforms were implemented, young people accounted for 14% of the partial employment that existed at the time. And ten years ago, In 2014, it barely reached 10% Of the total.
On top of that, 1 in 3 people The reality is that young people working part-time have no choice but to take on the job. they could not find other occupations As the latest Active Population Survey (EPA) shows, working hours are becoming longer. The proportion of young people who are unable to find another full-time job has also increased in recent years.
The hemorrhage suffered by the wages of the starting group is even more damaging now that their social status is declining. Housing issues have become one of the major issues Economical. For those who continue to live with their parents, the down payment required now leaves them with little savings to buy a home in the future. And those who may be renting are finding it even harder to find affordable housing that matches their paychecks.
Salary below SMI
The contrast between young people and other workers becomes even more obvious from the moment the average salary of all Spaniards falls. Improved by 5% in 2024, up to 2,385 eurosis the highest number since the statistical series began in 2006. Average salaries have increased for eight consecutive years, after declining for the first time in 10 years in 2016. The 5% increase in 2024 is the second most significant in the past eight years, after the 7.3% increase in 2023.
However, this salary increase masks some shadows that make visible the complex situation experienced by a significant proportion of households. According to statistical data, 40% of employees (about 7.3 million people) earn an income Between 1,582 and 2,659 Meanwhile, 30% of employees received a salary of less than 1,582 euros per month in 2024. To put this into perspective, this amount is slightly higher than the average pension in 2024. retirementwas found 1,510 euros per month. However, this is clearly less than the amount of new retirement benefits that “baby boomers” will receive, which is closer to 1,700 euros.
Additionally, there are 1.8 million workers whose total salary is below the minimum professional wage (SMI). The price is 1,068 euros compared to 1,184 euros set at SMI this year. This discrepancy is explained by the greater presence of part-time jobs that pay less than eight hours per day.
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