Spanish labour costs grow sharply in Q1: social security contributions +3.6% and wages +1.7%
Nominal labour costs in Spain have increased +2.1% in Q1 2019, compared to 0.9% in Q4 2018. It is the largest increase since Q4 2103 (+2.1%).
spain’ labour costs
Will rising labour costs damage Spain’s competitiveness?
F. Barciela/ F. G. Ljubetic | Labour costs in Spain stagnated during the crisis, but the idea that they eventually have to rise again has quite a few supporteres, including many businessmen. It would even be a postive driver for consumption and the economy general.