Editorial: El Mundo

• Pedro Sánchez, despite rejection from CEOE and Cepyme, unilaterally decided the eighth increase of the Minimum Interprofessional Salary since 2018.
• Sánchez used his intervention to criticise the businessmen, an act that the editorial qualifies as populism.
• 99% of the business fabric in Spain are not large companies, but SMEs, which face difficulties in raising wages.
• Workers in the primary and service sector are the main beneficiaries of this increase in the SMI.
• Purchasing power in Spain is stalled, wages have barely risen by 2.76% in the last 30 years.

Conclusion: Raising the SMI by decree is not the solution to this structural problem and runs the risk of being a superficial action if efforts are not focused on increasing productivity.

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