Editing Minimum wage (section)

=== Spain ===
The Spanish government sets the "Interprofessional Minimum Wage" (SMI) annually, after consulting with the most representative [[trade union]]s and business associations, for both permanent and temporary workers, as well as for domestic employees. It takes into account the [[consumer price index]], national average productivity, the increase in labor's share in [[national income]], and the general economic situation.<ref>{{Citation |last=Jefatura del Estado |title=Real Decreto-ley 3/2004, de 25 de junio, para la racionalización de la regulación del salario mínimo interprofesional y para el incremento de su cuantía |date=2004-06-26 |url=https://www.boe.es/eli/es/rdl/2004/06/25/3 |issue=Real Decreto-ley 3/2004 |pages=23466–23472 |access-date=2023-04-28}}</ref><ref>{{Cite web |title=BOE-A-2015-11430 Real Decreto Legislativo 2/2015, de 23 de octubre, por el que se aprueba el texto refundido de la Ley del Estatuto de los Trabajadores. |url=https://www.boe.es/buscar/act.php?id=BOE-A-2015-11430 |access-date=2023-04-28 |website=www.boe.es}}</ref>

The SMI can be revised semi-annually if the government's predictions about the consumer price index are not met. The amount set is a minimum wage, so it can be exceeded by a collective agreement or individual agreement with the company. The revision of the SMI does not affect the structure or amount of professional salaries being paid to workers when they are superior to the established minimum wage. Finally, the amount of the SMI is non-seizable.

The minimum wage was introduced in Spain in [[1963]] through [[Decree]] [https://www.boe.es/diario_boe/txt.php?id=BOE-A-1963-1598 55/1963], proposed by [[Jesús Romeo Gorría]], the [[Minister of Labor]] during [[Francisco Franco]]'s IX Government. The purpose was to ensure fair remuneration for all workers, adjusting wages to labor and economic conditions and advocating for salary equity. It was set at 1,800 pesetas/month (25,200 pesetas/year, 12 monthly payments plus 2 extra payments, as its customary in Spain as to this day), equivalent to 10.80 euros at the time but only 400 euros in today's prices.

In the years following Franco's death in 1975, the minimum wage gradually increased, reaching 50.49 euros (8,400 pesetas) that year, which is equivalent to 657.23 euros in today's currency.<ref>{{Cite web |date=2023-01-31 |title=Así ha evolucionado el Salario Mínimo en España desde el franquismo hasta los 1.080 euros de 2023 |url=https://www.larazon.es/economia/20230131/72hnqi72p5bunfiuydcsut5pqe.html |access-date=2023-04-28 |website=www.larazon.es |language=es}}</ref> Over the years, the minimum wage continued to rise, with several revisions along the way. In 2022, the Spanish government set the minimum wage at 33.33 euros per day or 1,000 euros per month, effective from January 1. This represents a 47% increase from the previous minimum wage set in 2018 at 735.90 euros.<ref>{{Cite web |title=BOE-A-2022-2851 Real Decreto 152/2022, de 22 de febrero, por el que se fija el salario mínimo interprofesional para 2022. |url=https://www.boe.es/buscar/act.php?id=BOE-A-2022-2851 |access-date=2023-04-28 |website=www.boe.es}}</ref>

There are several debates around the minimum wage in Spain, which focus on its impact on [[employment]] and [[inflation]]. While some argue that increasing the minimum wage can be a useful tool to increase the incomes of low-income families and reduce poverty, others have doubts about its effectiveness in achieving these goals.

For instance, an analysis conducted by [[Bank of Spain|BCE]] (Central Bank of Spain, by its initials in spanish) in 2019 on the impact of the 2017 increase in the minimum wage showed a negative effect on the probability of maintaining employment among affected workers, which was particularly significant for older workers.<ref>{{Cite journal |last1=Lacuesta Gabarain |first1=A. |last2=Izquierdo Peinado |first2=M. |last3=Puente Díaz |first3=S. |date=2019 |title=Un análisis del impacto de la subida del salario mínimo interprofesional en 2017 sobre la probabilidad de perder el empleo. |url=https://www.bde.es/f/webbde/SES/Secciones/Publicaciones/PublicacionesSeriadas/DocumentosOcasionales/19/Fich/do1902.pdf |journal=Documentos Ocasionales |volume=1902 |via=Banco de España}}</ref>

Additionally, the 2022 raise of the minimum wage revived the debate about the relationship between inflation and the SMI, with some arguing that the increase in the minimum wage could potentially contribute to inflation. The debate centres on whether it's a useful tool to help maintain the [[purchasing power]] of those who retain their jobs, or it's not effective because it adds pressure to the growth of prices and increase the likelihood of inflation becoming entrenched.<ref>{{Cite web |title=España {{!}} Luces y sombras de la subida del SMI {{!}} BBVA Research |url=https://www.bbvaresearch.com/publicaciones/espana-luces-y-sombras-de-la-subida-del-smi/ |access-date=2023-04-28 |website=www.bbvaresearch.com |language=es}}</ref>