A more flexible and less costly labor market for employers
In the case of Spain, apart from the gross salary (including income tax), the employer must pay 33% in social security contributions.
Additionally, they have to compensate with 33 days' pay per year worked.
It's outrageous.
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Comments1
Turquoise Lake
Dec 16, 2024
The current pension system in Spain is unsustainable, as it relies heavily on a pay-as-you-go model where current workers fund the pensions of retirees. With an aging population, declining birth rates, and increasing life expectancy, the system faces significant financial strain, making its long-term viability highly questionable