Workers
construction
, dedicated to
information and communication
, the
farmers
and
teachers
are those who have negotiated a
higher wage increase in agreement
in so far 2021 and, therefore, those who are less suffering the loss of power purchasing power derived from inflation.
According to the Statistics of Collective Labor Agreements, with data up to October 31, from the Ministry of Labor,
2,603 collective agreements
of 664,901 companies
have been registered in the first ten months of the year,
covering
6.5 million workers
.
On average, for all of them, a
salary increase of 1.55%
has been agreed
.
However, salary increases vary depending on the professional activity, hence, although
inflation
has followed an upward trend and at the end of October the CPI rises by 5.4% year-on-year, not all professionals have suffered the same decrease in purchasing power.
The agreements of the
information and communications sector,
to which many telecommunications companies adhere, are those that have agreed to a
higher salary increase, of 3.32%
;
followed by those of
construction
, with a revaluation of 2.39%.
Salaries in agriculture, livestock, forestry and fishing also rose more than the average (+ 2.04%) and salaries in the education sector (+ 1.95%).
These increases include both those agreed in
company agreements
(which are on average 1.09%) and in agreements with a scope higher than the company (1.59%).
Óscar Arce
, Director of Economics and Statistics at the
Bank of Spain
, explains that the most pronounced increases have occurred "in the branches of activity with the
best evolution of employment
until October".
Salary variations by sectors
On the opposite side of the table are the sectors whose agreements have agreed to a
wage freeze
, such as
real estate activities
, or those with very modest wage variations: + 0.65% in financial and insurance activities, +0, 73% in Public Administration and defense and mandatory Social Security, or + 0.99% in household activities as employers of domestic staff, and as producers of goods and services for their own use.
The average rise, of 1.55%, is still far from what prices rise, although there is already a certain acceleration in
newly signed agreements
, which include increases of 1.7%.
Positive to avoid second round effects
It must be taken into account, however, that these increases only affect the
6.5 million workers
who are protected by agreements, out of the total 16.9 million wage earners in Spain, according to the Active Population Survey of the third trimester.
Not included in this total are the
self
-
employed
- who do not have a salary properly speaking - nor are
public sector employees
, to whom the Government has guaranteed a salary increase equivalent to the CPI forecast for 2022, of around 2%.
Of the workers protected by the agreement, only
16.7%
(1.08 million) have a
salary safeguard clause
, that is, they are assured by agreement that their salary will rise according to the CPI, as does the salary of civil servants or employees. pensions.
The proportion has been declining substantially in recent years.
In
2005
, in Spain,
71.9%
of workers were protected by this type of clause, but the percentage has been progressively decreasing, especially since 2008.
This trend, which the unions consider negative for the protection of workers, is positive from the macroeconomic point of view since, now that inflation has run out of control, it can serve to
cushion the contagion to wages
, and consequently, the dreaded
second round effects
.
"The reduced proportion of safeguard clauses mitigates the risk of second-round effects. An eventual
generalized acceleration of wages
caused by current levels of inflation
would not be immediate,
" says the
Bank of Spain
in this regard
.
Christine Lagarde
, president of
the European Central Bank
(ECB), also launched a message of calm this week in this regard, since there are no signs that the rise in prices has been transferred to wages for now.
Lagarde also celebrated that in almost the entire Eurozone, with the exception of
Belgium and Luxembourg
, there is no
automatic indexation
of wages to the CPI.
According to the criteria of The Trust Project
Know more
economy
Spain
HBPR
SupplyThe transport crisis drags food companies: "There are no ships to export"
CollapseThe great blackout in Spain: the fall is unlikely, but it would take weeks to recover
BancaBankinter earns 1,250.6 million until September, by including the capital gain generated with Línea Directa
See links of interest
La Palma volcano
Last News
2022 business calendar
Home THE WORLD TODAY
Bizum Bankia
Holidays 2021
Podcast Economia
How to do
Asvel Villeurbanne - Real Madrid
Bitci Baskonia - Red Star
Paula Badosa - Garbiñe Muguruza, live