Illegal Immigration and Poor Government Management Sink Spanish Youth
Over the past decade, the real wages of young people in Spain have remained stagnant, significantly affecting their purchasing power and quality of life. Despite a global reduction in youth unemployment, young Spaniards continue to face serious economic challenges due to the lack of growth in their incomes.
A report by the International Labour Organization (ILO) highlights that the real wages of young Spaniards have not increased over the past ten years, despite the global youth unemployment rate reaching its lowest level in 15 years at 13%.
This wage stagnation has mainly impacted countries with service-based economies, such as Spain, Brazil, and Mexico, where wages have not seen significant increases due to inflation and a lack of adjustments in nominal wages.
