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The advances of the last three years in generative Artificial Intelligence (AI) models, their rapid adoption, and the explosion of new applications have created the feeling that transformation is accelerating.

The parliamentary process should amend the proposal so that the reduction of the workday happens gradually, with increases in productivity and through collective bargaining, minimizing distortions and avoiding additional inefficiencies in the labor market.

The labor productivity gap between Spain and the eurozone has expanded over the past decade, despite higher gains in value added per hour and per worker in Spain since 2022.

Signs indicate a gradual slowdown/normalization of the labor market, with NIFB survey trends suggesting no acceleration in employment, alongside lower Job openings and quits indicating slower wage growth.

The minimum wage policy has been insufficient to attack the structural problems of the labor market. It has eclipsed the need to discuss more structural aspects of the economy that allow for a more robust labor market and a horizon for creating jobs with better remuneration.

Wages will attract close attention in the coming months. First, because rising inflation is placing wages under strain. Second, because there is uncertainty as to how much bargaining power employees and employers will have.

Labor productivity in Spain is counter-cyclical, unlike in the majority of developed economies. This phenomenon is mainly due to the poor functioning of the labor market. There is an urgent need to adopt reforms to boost sustained productivity growth