6.4% loss of purchasing power


The skyrocketing inflation rate, which moderated to 8.9% in September, continues to hit the pockets of millions of citizens, not only in Spain, but also in the rest of the eurozone countries, which is up eight tenths and rises to 10.9%, due, especially, to the high price of energy, oil and food. However, the salaries in our country do not rise. This is shown by the latest calculations published by the OECD on employment prospects for 2022, report that Spanish workers are at the tail of the salary increase. Moreover, the international cooperation body, made up of 38 states, expects Spain to be one of the countries where wages lose the most purchasing power. To be more exact, until 6.4%.

Precisely in this sense, it should be underlined that at present, the Minimum Interprofessional Salary stands at 1,000 euros gross per month, distributed in 14 payments. The latest increase in the SMI, led by the Minister of Labor and Social Economy, Yolanda Diaz, occurred on January 1, 2022 retroactively. Now the question now is when will it go back up again. It is vitally important to underline that the Government is, in the first instance, in charge of whether or not the rise in salaries occurs. Likewise, the Ministry of Labor is considering the possibility that the figure is above 1,078 euros, beyond 60% of the average salary. However, the third vice president of the Executive of Pedro Sánchez demands that the CEOE stop blocking the negotiations.

The salary increase in the rest of the countries of the European Union

On the other hand, wage earners from other countries in the European economic area, such as Germany, France or Serbia, see their salaries rise, on average, by 4.1%. In the case of the German neighbours, at the beginning of June, it approved a 22% increase in the minimum wagewhich places it at 12 euros per hour of work, as of this same month of October. Meanwhile, the strikers claim in France a minimum wage of 2,000 euros monthly gross. However, their salary bonuses rose to 2.7%. On the other hand, in Serbianwhere salaries have risen by 15%, or in Hungary, which have done so by 14.9%. But there is still more, because even in Romania, have increased by 11.7%. Now, there are three that have not moved, as in the case of Finland, Greece Y Holland. Moreover, in the case of the Netherlands, payrolls have fallen by 15% annually.

Airbus will give extra pay to compensate for inflation

Not all companies are the same. This is the case, for example, of Airbus. The aeronautical manufacturer in charge of designing, manufacturing and selling airplanes will give extra pay to all its employees to compensate for high inflation. It will be of 1,500 euros gross in the four countries where it has the largest industrial presence, including Germany, France and the United Kingdom.

One in three agreements, without extra Christmas pay

Another point to take into account is that one in three agreements does not provide for extra Christmas pay for 2022. However, according to article 31 of the status of workers, all employees have the right to, at a minimum, two extra payments a year. “Workers will have the right to receive two extraordinary bonuses, normally in July and December, which will be paid prorated together with the ordinary monthly payment. However, it may be agreed in a collective agreement that the extraordinary bonuses are prorated in the twelve monthly installments.

Source: lainformacion.com

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