スペインでは、民間会社でも給料が下る
El sueldo también cae en el sector privado
La remuneración por asalariado baja por primera vez fuera de la Administración
La debilidad de la demanda interna detrae otro 0,5% del PIB al inicio del año
La demanda interna hace caer el PIB otro 0,5% al inicio del año
La inflación agrava la pérdida de poder adquisitivo
Alejandro Bolaños Madrid 31 MAY 2013 - 00:41 CET
mismo periodo de 2012.
The salary also falls in the private sector
Compensation per employee down the first time out of the Administration
The weakness of domestic demand detracts another 0.5% of GDP at the beginning of the year
Domestic demand for GDP fall another 0.5% at beginning of year
Inflation exacerbates the loss of purchasing power
Alejandro Bolaños Madrid 31 MAY 2013 - 00:41 CET
The review of the European Commission to the Spanish Government's reforms, truffled blame for the delays, save various aspects of labor reform which opened in 2012, the legislature of Mariano Rajoy. "According to data available, has begun to result in increased wage moderation," he said on Wednesday. But Brussels experts fall short: wages not only moderate but begin to fall: in the first quarter of 2013, the decline in wages in government for the first time joined the private sector wage cuts.
PP The labor reform lowered the dismissal and gave more power to companies in the negotiation of agreements. Experts warned the Government of the consequences of applying these legal changes in a recession. The result is that the salary adjustment has not prevented job losses, has lost almost a million more jobs. And that wages do not stop giving ground: in the first quarter, compensation per employee fell by 0.6% over the same period of 2012.
The new national accounts data, released yesterday by the National Statistics Institute (INE), corroborate further that wage income no longer take the largest share of GDP, since the end of 2012 corresponds to business income: up 44% compared to 46%, the rest is taxes.
Compensation per employee and decreased by 3% in the fourth quarter of 2012, but then was due to an extraordinary decision: the abolition of the Christmas bonus for civil servants, who saved about 5,200 million to the Administration. Also weighing in late fall 2010 salary (0.7% less) than the pay cut implemented by the government of Zapatero in the second half of that year in December to concentrate.
The European Commission highlights the impact of labor reform
The wage decline in the first quarter of 2013 is powered by extraordinary measures. E incorporates, for the first time, a fall in wages in the private sector: if you discount to employees of government, healthcare and education, compensation per employee fell by 0.9%, whereas a year before rising 1.7%. "It will benefit the competitiveness of the economy," celebrated the CEOE, noting the data.
Only workers in the agriculture industry and the wage cut beyond that fosters the combined labor reform and recession. In services, the lowering of wages is widespread, but stresses experienced by the retail and hospitality (to grow by 1.7% has gone down by 1.6% in one year), and the financial sector, which digests the European bailout, with wage cuts close to 6%.
Only the agricultural sector and industry exception to this trend
National accounting provides more detailed information than that provided labor agreements. Still, the trend is similar: the salary increase agreed in the agreements signed until March was, on average, 0.5% per annum. And in the beginning this year pacts, which are an extension of previous agreements, the increase is only 0.1%. The Ministry of Employment is not clear yet what has been the deterioration of wage conditions in the thousand cases in which, under the labor reform, companies have been taken down from the existing conventions.
The pay cut is one of the factors affecting the weakness of domestic demand, a decline that keeps the Spanish economy in recession since mid-2011. The INE confirmed yesterday that between January and March, GDP left another 0.5% over the final stretch of 2012. In the annual comparison, the drop is 2%, as anticipated last month.
The quarterly GDP decline is attenuated when compared to what happened in the fourth quarter of 2012, when it fell 0.8%. But still remains very strong: since 2008, when the Great Recession started, only five quarters have yielded worse results.
The slowdown in the decline in GDP is parallel to the slowdown in the decline in household consumption, which back a quarterly rate of 0.4%, after comparing with the collapse (-1.9%) in the final months of 2012. Furthermore, the poor performance of domestic demand reweighed public spending cuts, which is reactivated at the start of 2013 (-1.2%).
The public setting felt on investment, with another significant decline (2.5% quarterly rate) in the construction area by the scarcity of public works. One of the few positive notes is to improve investment in capital goods, influenced by the recovery of exports of goods, reduced from 5.4% back in the final quarter of 2012 to achieve a minimum advance (0, 2%) between January and March.
However, the poor performance of foreign sales of non-tourism services means that, overall, exports intensify the pace of decline, from -0.9% to -1.3% quarterly rate. Only the decline in foreign purchases (-1.7%) keeps the foreign sector's positive contribution to GDP growth.
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