The rise in contributions from pension reform threatens to create 160,000 jobs

Impact on the labor market

Covering the entire increase in pension spending with contributions could eliminate nearly 300,000 jobs.

The average rate would have to rise by 2.7% to generate income equal to one percentage point of GDP

Two workers at the Ford plant in Musafes, Valencia Europe Press

Gonzalo de Velarde

Two verifiable evidence once the government plan to return to Social security In the balance of the budget, first, that this consolidation of accounts is entrusted to greater contributions of the workers during the coming decades, …

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