The rise in the Minimum Wage will subtract up to 132,000 jobs in two years, according to Randstad

• Who does the increase in the Minimum Wage affect?

  2.3 million workers and 38% of SMEs with employees

The

approved this month by the Government until it rises to

in fourteen payments (15,120 euros per year) will mean a

between

, including jobs that They will be destroyed due to the increase and those that will not be created due to the increase in wages, according to projections by

published this Monday.

This research service warns that the increase in the SMI "will especially negatively affect those

", such as Extremadura, the Canary Islands and Andalusia;

"It will have a very damaging impact on the sectors with

and on those that have suffered the most from the slowdown in the second half of 2022 and put tens of thousands of jobs at risk, with a special impact on SMEs

"

In addition, "it will especially penalize

and

, for whom keeping their job or finding one -if they are unemployed- will be more difficult."

The warning is based on the fact that the increase in the SMI has placed

at the head of the European Union in the

, equivalent to

, followed by Slovenia (where the SMI represents 59.6% of the average salary);

Portugal (55.2%) and Poland (54.1%);

and far from the five largest economies in the EU such as France, where the SMI represents 51.8% of the average salary, or

, where it represents

This increase in the SMI compared to the average salary causes important

, since although the country's average is somewhat above 60% of the average salary -in line with the Government's objective to comply with the European Social Charter -, there are autonomous communities where the SMI far exceeds that percentage.

This is the case of

, where an SMI of 1,080 euros in fourteen payments is equivalent to

of the average salary;

from

, where it is equivalent to

%;

or

, where it represents

Although the

experienced by the SMI in Spain between 2016 and 2023, adjusting it based on purchasing power, is

it must be taken into account that all the countries in which the increases are higher have higher

, such as Romania, Lithuania, the Czech Republic, Poland, Hungary, Bulgaria or Croatia.

While in Spain the SMI accumulates an increase of

in other countries such as

it has risen only

in this period;

in the Netherlands, 26.6%;

in

,

, and in Portugal, 39.5%.

The

, corrected for purchasing power parity,

.

Only the German (1,843 euros), that of Luxembourg (1,750), Belgium (1,728), the Netherlands (1,665), France (1,525), Slovenia (1,366) and Ireland (1,327) are surpassed.

According to Randstad, it is striking that Spain is the country with the highest SMI compared to the average salary when it is

"These levels will not be reached again until the end of 2023 or the beginning of 2024. The labor market, in terms of working hours, has not recovered pre-pandemic levels either," they recall.

According to the criteria of The Trust Project

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• Slovenia

• European Union

• minimum salary

• Employment