Half of young people would see their income increase with the new increase, affecting two in ten women and half of rural wage earners
An increase in the interprofessional minimum wage (SMI) to EUR 1,082 gross per month, the high range of the expert committee’s recommendation, would benefit approximately 2,272,000 workers, according to CC OO estimates based on data from the Survey Active Population (EPA) by 2021. About 1,926,000 would be working full-time, while another 348,000 would be on part-time contracts, according to the report released by the union this Thursday.
For example, 13.7% of all full-time workers, almost one in seven, would see their salary increase in January if the government ultimately opted for the highest increase in the range indicated by the ‘wise men’ of 60% of the Spanish average. salary and comply with the obligation of the legislator.
18.2% of working women would benefit from this new increase in the lowest income in the Spanish labor market, meaning it would affect almost one in two, while the incidence in men would be reduced to 10.3% of the wage earners.
More than half of the beneficiaries of a new increase in the lowest income in the Spanish labor market will be women; specifically 57.5%, while the remaining 42.5% would be men.
Logically, the impact of the increase would mainly fall on young people, to the extent that it would affect half of the workers: 31.7% of those under 24 and 19.2% of the population between 25 and 34 years old.
Similarly, it would benefit two-thirds (77%) of workers in the service sector, the sector most affected by the minimum wage, where 14.5% of workers would improve their income, as well as half of the wage earners in the field (46.9%). %).
21.6% of employees with a temporary contract benefit from the increase, compared to 11.5% of permanent contracts.
The profile of the main beneficiary of the increase is that of a woman aged between 16 and 34 on a temporary contract, working in agriculture or the service sector and living in Andalusia.
Source: La Verdad
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
