Part 5/10:
The protections that exist aim to safeguard workers but often result in a system that favors seasoned workers at the expense of younger candidates. Long-standing labor regulations complicate hiring, particularly for roles suited for new graduates, thereby perpetuating a vicious cycle of underemployment and delaying skill acquisition among young professionals.
Economic Barriers and Tax Evasion
Spain's challenge is exacerbated by its taxation landscape, characterized by a notable lack of fiscal competitiveness. Recent analyses rank Spain poorly among developed nations for its tax burdens relative to economic growth. The increasing tax rate hinders businesses from expanding or hiring, creating an environment where economic potential is stifled rather than nurtured.