Madrid, Catalonia, the Basque Country and Navarra, the only communities where the SMI is less than 60% of the average salary

• The rise in the Minimum Wage will subtract up to 132,000 jobs

• Who does the increase in the Minimum Wage affect?

The

, which the Government has raised to

in fourteen payments (1,260 euros per month or 15,120 per year) already represents

in thirteen of the seventeen autonomous communities.

Only in

where salaries are on average higher, is the SMI

This is reflected in a report published this Monday by

, according to which

salary -which stands at 2,089.5 euros per month-, but in some regions it far exceeds that proportion .

This is the case of

, where the SMI represents

of the average salary;

, where it is equivalent to 72.4%;

or

, where it represents 68.6%. It also has a higher proportion in Murcia (68.4%), Castilla-La Mancha (68.2%), La Rioja (67.6%), Castilla y León (67 .5%), the Valencian Community and Galicia (67.2%, respectively), Cantabria (65.6%), the Balearic Islands (64.8%), Aragon (63.3%) and Asturias (60.9%).

In all these regions, not only is the

that the Government had collected in its Coalition program fulfilled: "We will raise the Minimum Interprofessional Wage until it progressively reaches 60% of the average wage in Spain as recommended by the European Social Charter", but that threshold is exceeded in some cases widely.

If the breakdown is analyzed at the

level , there are areas in Spain in which an SMI of 1,080 euros still represents a higher share of the average salary received, such as

-where it is equivalent to

-, according to Cepyme data ;

(where it accounts for

),

(76.1%), or

(75.7%), among others.

According to the employers' association of small and medium-sized companies -which are the most affected by the increase-, in 24 provinces the minimum wage of 1,080 euros is equivalent to more than 65% of the average wage.

These levels are reached after the Government has approved this year -with the approval of the unions- an increase of 8% in the SMI, which places Spain at the

of the European Union in the

, equivalent to

, followed by Slovenia (where the SMI accounts for 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

The SMI has risen

, with the largest increase in the first year.

Since 2016

if the SMI is analyzed, adjusting it according to purchasing power to be able to compare with other countries, the SMI in Spain accumulates an increase of

, up to

.

This is the

, but it must be taken into account that the other seven countries in which the SMI has grown the most have reached levels below those of Spain.

Thus,

in this period,

but up to 1,109 euros per month.

It is followed by

(+117.7%, up to 1,170 euros),

(+76.8%, up to 947.9 euros),

(+68.1%, up to 1,273.85),

( +66%, up to 947 euros),

(+65.9%, up to 717.14 euros) or

(+62.4%, up to 981.08 euros).

The increase registered in Spain contrasts with that of other large euro economies such as

, where it has only risen

in this period, but is now at 1,525 euros;

with an increase of 26.6%, up to 1,665.9 euros;

and

, where it has risen

, to 1,843 euros -the highest SMI in the EU adjusted for purchasing power.

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.

In

it stands at

and the accumulated increase since 2016 has been

, according to Randstad, which highlights the curiosity that Spain is the country with a higher 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.

132,000 fewer jobs

According to his forecast, this latest increase in the SMI will mean a loss of between 75,000 and 132,000 jobs between 2023 and 2024, including the jobs that will be destroyed by the increase and those that will not be created due to higher wages.

The

will be those located in those provinces and communities with lower average salaries, those who work in the

with

-which are also those that suffered the most from the slowdown in the second half of 2022- and

.

In addition, they warn that "it will especially penalize

workers

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

If this job loss is fulfilled, it could be added to the one that, according to some experts, has already occurred due to past increases in the SMI.

According to Cepyme, "the strong increases in the Minimum Interprofessional Wage approved by the Government

have caused the

: it has caused 105,800 workers to lose their jobs and has prevented another 150,400 people from finding one".

According to the criteria of The Trust Project

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• Pedro Sanchez

• European Union

• minimum salary

• Companies