According to a content publicized by the Interior Revenue Agency in Spain regarding the Spanish labour market and pensions, an adult male earns and takes in wages which, on average are thirty percent higher than those of an adult female working in the same position. The average yearly earnings of men in 2004 equaled 17,964 euros, equated to 12,464 for women - a difference of 5,500 euros per year. If you multiply this sum by 40 (average number of years spent working) the total sum and earnings differential adds up to about a quarter of a million euros in an average workers lifetime.
The study identifies a marked difference in pay and suggests the reality is produced or at least attributed to the relatively recent internalization of women into the labour market in Spain. On a large scale of economic forgiveness, this and other similar studies suggest it is acceptable because it signifies females earn less because they've been working for fewer years. This may be quite factual in reality. Yet, the study further points out that a female lacks a sense of economic security and their jobs tend to be more at risk of loss or replacement than is the case of male employees. This may and may not trouble the women because as mothers living in an area whih places much emphasis on family, the female will tend to put their kids concerns ahead of their own professional evolution. Of course, this further contributes to the female inequality in the workplace and also says little for future career advancement. What appears to be a growing trend in Spain is the number of females in part time positions. The share of women working part time in Spain is higher than in any other EU member state.
The studies also spotlight the shortage of equal chances for women equated to men as far as professional promotion is concerned. Statistics present that fifty-eight percent of workers between eighteen and forty-five yrs old are men, and forty-two percent women, whereas for workers between forty-five and sixty-five, the deviation is much higher (over twenty percent). Not amazingly the content puts salaries in Spanish capital at the top end of the scale, followed by Ceuta, Melilla and Catalonia (of this amount about half of which is allocated and spent on housing). But whilst salaries trail others in Europe, the price of houses has doubled in price in the last decade, stimulated, in part, by exceedingly low interest rates and enhanced investment in real estate following the 2001 stock exchange collapse in addition to the influx of new and foreign investors. For land owners this is great news, but for those others trapped in tenancy it is more grim. As a result, workers and wage earners are dropping deeper into debt. And, Household indebtedness has climbed to a higher degree equaling around 110 percent of income and approaches US levels.
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