Wage stagnation persists for three decades, urging regulatory overhaulExecutive summary: The article analyzes thirty years of wage stagnation in Spain and proposes reforms to the regulatory and financial framework of firms, labor duality, and investment in intangible capital as the only sustainable path to raise real wages. It signals a potential shift in labor policy that could affect millions of workers and reshape investment strategies, making wage growth a critical issue for economic stability. The analysis references Spanish labor market structures and suggests reforms that would involve employers, regulators, and policymakers, though no specific entities are named. Expect legislative proposals on labor code adjustments, incentives for intangable investment, and heightened debate among social partners in the coming months.The article attributes three decades of flat real wages to structural labor market duality and insufficient investment in intangible assets, calling for reforms in the regulatory and financial environment to boost salaries. It outlines policy levers without endorsing any specific political stance. The piece stresses the need for systemic changes rather than short‑term fixes.Connected developmentsHigh Oil Prices Are Driving an EV Boom in EuropeFranchising Expands to €39 Billion in 2025 (+8%)Open the full case file on Beyond →
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