Wages lost between 2008 and 2015 a 8.6% of purchasing power after inflation was discounted, according to INE data published on Tuesday.
In that period retribution fell a tenth, which also has to subtract what prices rose, 8.5%. Hence regression of purchasing power is 8.6%. If average inflation of those years is taken, loss of purchasing capacity is a little less: 7.6%, according to a report of economic cabinet of workers ' commissions. Any of se falls is lower than those recorded in worst of crisis: about 10%.
The INE has published this Tuesday for second consecutive year price index of work, a statistic that tries to reflect evolution of salaries it of statistical effects. I mean, how much you pay for a job exactly same over time.Learn More
- The adjustment of crisis focuses on low salaries
- Wages have lost almost 10% of purchasing power with crisis
- Wage adjustment is baited with children under 40 years in 2015
In this way, y are able to subtract effects from composition changes: On one hand, those modifications are abolished in what workers enter because y have moved from occupation or conditions. For example, y have gone from construction to waiter and y charge less. Or y are working less hours for having a temporary or partial contract. All this makes average wage actually cashed down without necessarily falling what is back time for that task. On or hand, statistic suppresses anor effect of composition: as re are fewer workers but y earn more than those who got laid off, n in statistic re is a rise in wages even if y actually continue to win same thing.
Once this noise has been cleaned, index reflects that between 2008 and 2015 prices of work receded one tenth. Despite recession, y rose by 1.5% in 2009 and 0.5% in 2010. They fell n in 2011 1.5%; In 2012 1.6%, and 2013 0.3%. And y went back up in 2014 0.8% and 2015 0.7%.
If we only take 2015, workers with less than one year old lost 5.9%. Despite improvement of tourism, in hotel industry fell 5.7% after several years of elevations. Or services, construction or administrative were left around 1%. It increased in branches of public sector like education, health or administration, perhaps by return of extra pay. They also point to professional activities, industry and energy. By region, y went up more in Basque Country, Galicia and Navarre, while y went down a lot in Madrid: 2.4%.
In general, it is appreciated that foreigners and young people lost wages in 2015. and managers ' remuneration decreased by 4.9%. Interestingly, temp went up, probably because y came from low salaries. And in small businesses y rose less than big ones.