Increase In SMI To 1000 Euros Per Month Would Reduce Upto 130000 Jobs

An increase in the interprofessional minimum wage ( SMI ) of 5.3% to 1,000 euros in fourteen payments in 2022 would have a negative impact on employment in two years between 60,000 and 130,000 jobs, both destroyed and not created, according to a study by the human resources company Randstad and the employers’ association Cepyme.

This increase, which contemplates an intermediate increase of 2% for this year to 969 euros in 14 payments, “would have a very damaging effect” on sectors particularly affected by the current crisis , such as hotels and businesses, as well as among young people. and in workers with less qualifications, adds the report.

The study also points out that this 2% increase for this year would mean bringing the SMI to “a proportion greater than 65% of the average salary in at least 9 autonomous communities , it would exceed 60% in 12 of the 17 communities and would be above the 73% in two of them “.

“This rise comes at a very difficult time for the Spanish economy”
The document also indicates that a 5.3% increase in the SMI for 2022 would mean a cumulative increase of more than 52.6% since 2016.

“It must be remembered that this rise comes at a very difficult time for the Spanish economy,” underlines Cepyme, which is opposed as the CEOE employer to a rise now in the SMI, frozen since January at 950 euros per month.

The Ministry of Labor, the employers and the unions have not been able to reach an agreement on the amount of a raise that the Government plans to carry out immediately.

The President of the Government, Pedro Sánchez, insisted this Monday that the increase in the minimum wage will take place imminently . But he refused to specify when. “We are going to upload it as soon as possible,” he limited himself to pointing out. The unions are betting on a raise of more than 25 euros per month.

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