Wed. Apr 24th, 2019

24% of the jobs of the middle class in Spain are "at risk" for automating

24% of the jobs of the middle class in Spain are "at risk" for automating

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24% of the jobs of workers with average incomes in Spain are at risk of being affected by automation, according to a study published on Wednesday by the Organization for Economic Cooperation and Development (OECD).

In particular, the number of jobs of middle class in Spain at risk for automation is six points below the OECD average. On the other hand, 29% of Spanish jobs are at risk among the lower class, compared to 22% of the OECD average, and up to 15% of the upper class, four percentage points more than the average of the OECD countries.

The document published by the organization chaired by the Mexican Ángel Gurría argues that the middle class is "under pressure". While in the mid-1980s it represented 64% of the population, in the middle of the decade of 2010 it became 61%. On their side, the Spanish middle class contracted up to 58%.

"It has become harder for young generations to access the middle class», You can read in the report. The OECD explains that this is because older generations are often "more protected" from changes in the labor market.

Thus, only 60% of the population born between 1983 and 2002 ('millennials') belonged to the middle class when they were between 20 and 30 years old, compared to 64% of those born between 1965 and 1982 (Generation X) and 68% of those born between 1942 and 1964 ('Baby boomers').

In addition to the growing difficulty for each generation to access the middle class, the benefits of being part of it are also being reduced. According to the calculations of the OECD, between 2007 and 2016 the annualized growth of salaries around the median wage was 0.3%. Between the mid-1980s and the mid-1990s, the growth per year was 1%, while between the mid-1990s and the mid-2000s, the increase was 1.6%.

"This slow growth of income and would draw a grim picture in itself, but, in parallel, the cost of living of the middle class has increased," notes the club of developed countries.

"The lifestyle of the middle class has typically been associated with certain goods and services, as well as living conditions, such as decent housing, good education and good and accessible health services. However, the prices of consumer goods and services such as health, education and housing have risen above inflation, "the document adds.

On average, housing spending reached 32% of revenues of the middle class in 2015 in the OECD countries as a whole, compared to 25% in 1995. In Spain, it stood at 33% in 2015 and 24% in 1995.


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