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Subir el Salario Mínimo To 1000 Euros Would Affect Between 60000 And 130000 Jobs

Employers insist on highlighting the inconvenience of raising the minimum interprofessional wage (SMI) this year and warn of the detrimental effects on employment that the measure that the Government is about to approve will have. Specifically, from Cepyme they have calculated that raising the SMI 19 euros this year, to 969 euros per month for 14 payments, and raising it to 1,000 next, would have a negative impact for between 60,000 and 130,000 jobs until 2023.

The impact, measured in a study by Randstad Research in collaboration with the employers, would include both the jobs that would be destroyed and those not created as a result of the rise. According to the report, more than half of the jobs that would disappear with this measure could be concentrated in the hospitality and commerce sectors , those hardest hit by the crisis, and in the groups of younger and less qualified workers.

The hypothesis put forward in this study is based on the upper part of the range of between 12 and 19 euros in which the Government moves to decide the increase and that was the one recommended by the experts assigned to study how the progressive increase in income should take place. minimum wage to reach 2023 (end of the legislature) with the goal achieved that the SMI represents 60% of the average wage .

A rise of 19 euros per month for the remainder of 2021 would imply an increase of 2% compared to the amount currently in force (frozen at 950 euros). Looking ahead to next year, the report assesses the scenario that the unions are pursuing : although they ask for a greater increase for this year (from 25 to 30 euros) they would accept the increase of only 19 euros if in 2022 the SMI rises to 1,000 euros.

Spain presents between 2016 and 2021 the third largest increase in the accumulated SMI (+ 47.7%) in Europe
Adding the amounts of 2021 (19 euros) and 2022 (31 euros), the SMI would have to increase 50 euros to reach 1,000 euros per month for fourteen payments in 2022, which would imply a relative increase of 5.3% compared to the current amount. According to Cepyme accounts, a cumulative increase in the SMI of 5.3% in 2021 and 2022 would mean that the minimum wage would have risen by more than 52.6% since 2016 .

In this framework, the study indicates that raising the SMI to 969 euros per month would lead to at least nine autonomous communities registering a proportion higher than 65% of the average salary; it would be above 60% in twelve communities, and it would exceed 73% in two of them.

Compared with other European countries, the data in the report indicate that Spain presented between 2016 and 2021 the third largest increase in the accumulated SMI (+ 47.7%), adjusted for purchasing power parity after Romania and Lithuania, and multiplied by five and by ten the average increases of Germany or France.

Cepyme emphasizes that this rise in the SMI arises at a very difficult time for the Spanish economy : “Pre-crisis employment levels have not yet recovered and registered unemployment remains high, 1.5 points above the level prior to the crisis (13.78%) “.

Thus, Cepyme asks that when setting the amount of the SMI, factors such as the evolution of the economic and employment situation, productivity and the evolution of the CPI are taken into account, as stated in article 27 of the Statute of the workers .

Regarding the evolution of the CPI, the organization chaired by Gerardo Cuerva points out that the interannual rate of 3.3% registered in August (confirmed this Tuesday by the National Institute of Statistics) is being compared with 2020, “a failed year from the point from an economic point of view, with a stoppage of activity and continued price falls for several months. “

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