José Miguel González Hernández, Director of Consulting and Commercial Management at Corporación 5, provides an in-depth analysis of the salary trends projected for 2025, highlighting persistent economic inequalities at both global and regional levels.
Globally, sectors such as pharmaceuticals are leading salary growth, with increases exceeding 10%, driven by their resilience to crises and capacity for innovation. Meanwhile, the mass-market sector reflects the impact of digital transformation and changing consumer habits, albeit with more moderate growth. In contrast, industries like construction, logistics, and manufacturing face limited salary increases due to tight margins and high operating costs.
In this context, the Canary Islands find themselves in a particularly vulnerable position. The region’s economy heavily relies on labor-intensive sectors and is dominated by small and medium-sized enterprises, making it challenging to achieve salary parity with mainland Spain. While some sectors have seen slight wage improvements, the islands are not progressing fast enough to close the gap. Insularity, import dependency, and a high cost of living further exacerbate these challenges.
To address these issues, José Miguel González advocates for a strategic approach tailored to the unique circumstances of the Canary Islands. He emphasizes the need for active policies in training and education, greater access to innovation, and a strong commitment to sustainability. Building a more inclusive economic model that values and retains local talent is essential for the islands to face globalization challenges and secure a more competitive and balanced future.
The analysis concludes with a warning: without decisive action, the inequalities that have shaped the past decades could persist, perpetuating a concentration of wealth that benefits a minority while leaving the majority behind.
source: Canarias Ahora