Working in Spain: the math that says it's not worth it

Fifty-year mortgages, wages with no purchasing power and a new defense of the NEET lifestyle. The calculation many young Spaniards are making.

English · Original discussion in Spanish · Published

The generation that would rather not work: rational choice or sentence?

Working in Spain doesn't pay off. That is the conclusion drawn by a growing share of the generation now in their thirties, and the reasons are not hard to find. Those with a stable job face mortgages stretching up to 50 years and inflation that eats away any pay rise. Those without one watch and do the math.

The mirage of the 3,000-euro salary

The recurring debate over who actually earns 3,000 euros a month and who just looks like they can afford a car they cannot pay for reflects the tension between two worlds. Some argue that working only serves to preserve the status quo of those who already have something, and that a life on small handouts is not as bad as it is made out to be. Opposing them are those who insist that work pays off and that idleness has become a life strategy. The reality, as always, lies in between: purchasing power data do not back most people up, and the labor market leaves little room for optimism.

High school as a class frontier

The observation that all their high school classmates live poor lives is not an anecdote but an indicator of social mobility. Those who come out of a public high school start from a position that shapes their paths. Emigration and the option of doing nothing then appear as logical ways out. Perhaps that is why political discourse finds an echo in frustration, and blame is split between past managers and future promises.

A trend with no apparent brakes

If wages do not regain purchasing power, labor dropout will keep growing. But it could also be a consolation for those who see no way out. What is clear is that the next generation is not willing to repeat their parents' model.

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Summary of a discussion on Burbuja.info - Foro de economía, actualidad y política., translated from Spanish and reviewed before publication. Read the full discussion (10 replies).

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