Tue. Apr 23rd, 2019

Do not look for parasites in immigration | Society

Do not look for parasites in immigration | Society

Today, April 10, the president of Airbus leaves his post. The German Tom Enders will receive 36.8 million euros for his withdrawal. In Spain, the average gross salary of a worker is, rounding up, 24,000 euros per year. Thus, with what a single person earns they live in southern Europe 1,533 for one year. It probably sounds demagogic, but that's the reality.

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European societies seem ready to renounce the redistribution of incomes initiated in the contemporary era. Those who argue that employers generate employment and, therefore, wealth are right. But it is convenient to clear the data, because the entrepreneur who runs a business is not the same as the executive with the power to decide on his own salary with such generosity, as the Nobel Prize for Economics Paul Krugman often denounces. Nor are all salaries comparable. It is not the same thing that an Inditex executive has a lot to do, for example, Rafael Villaseca, who as CEO of Naturgy last year bagged 15.45 million. Naturgy is the heir of some public company, but the sector was privatized in 2002. It is a pity that it will not remain in the hands of the State, which would surely put more interest in reducing electricity bills and obtain better distributed profits.

Wages do not recover at the pace that the economy does. The loss of purchasing power is at the origin of the protests of the yellow vests and even the social democratic governments resign themselves to this brake on the redistribution of wealth. The German and French States each own 11% of the shares of Airbus, while the Spanish holds 4.16%. Does the Spanish Socialist Government have anything to say about the million-dollar compensation of Enders? And about his own decision to appoint (with a salary of half a million) the president of Red Eléctrica Española, a semi-public firm that operates as a monopoly?

The benefits of growth dissipate before reaching the citizen and the managers of large companies have something to do with it. Populism stigmatizes immigrants as "parasites", but such a condition is more consistent with the previous ones. Many give back to basic principles of management, such as collecting premiums from companies in the red, in order to continue filling their pockets. After a merger there are often dismissals, but Carlos Ghosn, today persecuted by the Japanese justice, doubled the salary (to 15 million) after uniting Renault (owned by the French State) with Nissan.

Setting minimum wages is a good measure. The proposals to establish ceilings do not materialize and, nevertheless, they should be applied at least to the companies in which the State participates. Inequality, which increases so much in Spain, has names and surnames and is usually, by the way, very masculine. Too many gaps.


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