Yes, to earn more money all your life

Does income education influence? Greater degree is equivalent to a better payroll at the end of the month? Are there differences for example between those who have passed or not? And between a graduate and someone with a master’s degree? They are manida questions and that in recent years have given rise to all kinds of debates, but their answer is very clear, as you have just reminded us The last report on education indicators published a few weeks ago by the Government.

Shark: The formation does influence salary (and enough).

Clearing unknowns. In Your report State System of Education Indicatorsprepared with data from 2022, the Ministry of Education answers (and updates) some key questions related to training in Spain. Among them an issue that usually leads to debate: Does training really influence income? Does a graduate charge more than a person who only has the ESO? Their data reflect statistical measures, but leave a clear answer: yes.

A figure: 18,916 euros. From the entrance, the study recalls that in 2022 the average labor income was in Spain at 18,196 euros. That is the general ‘photo’, the average of the whole country. When we go down to detail and divide people by educational levels, the drawing changes however considerably.

“Income increase as the level of training does,” The report indicateswhich recalls that those people who do not even have the first stage of ESO receive a medium job income of 11,180 euros while the most qualified professionals, who have a second university degree, a degree or master’s degree, see how that average rises to 28,468.

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Graphic

Is there more data? Yes, there are. Those are the two extremes of The listbut among them there is a wide intermediate scale of grays in which the same pattern is maintained: the higher formation, the higher the remuneration.

Those who have finished the first stage of the ESO perceive on a half labor income of 13,860 euros, those who have finished the ESO reach 15,880, those who continue to form but without going through the university are located in 18,069 and those who have a first university degree, as a diploma or grade, enter average 22,509 euros. At the top of the rental scale are people with extra training, such as masters, with 28,468 euros.

Education … and something else. The study reflects that there is Other factors that clearly influence labor income, such as experience. The titles matter, but also (and not little) the years of profession. For example, among the less qualified people, who do not have ESO, there is a clear difference between the people who have just started in the labor market and have less than ten years of experience and those veterans who accumulate at least three decades of trade behind them. Among the first the average income is 9,125 euros. For the latter that same indicator is triggered until it is placed at 11,332.

The same goes for graduates and graduates with master. Those who have been working for only a few years earn 18,319 euros, data that rises above 31,100 when we talk about the most breginated professionals. “In 2022, according to work experience, workers with 30 or more years of professional career receive, on average, 62.3% more labor income than those who have been working for less than 10 years,” Slide The report of the Ministry of Education.

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Does something more influence? The answer is affirming again. Sex influences. Clear, also. For example, medium labor income amounted to 2022 to 20,701 in the case of them and 16,871 in them. This difference is maintained regardless of training or experience. If we go to the most qualified and valued segment, that of professionals with a master’s degree or degree that has been working for more than 30 years, we see that men charge 37,850 euros while women receive 31,162. However, that gap is not the same in all cases.

“The biggest relative difference is observed in the average income for women with first -stage secondary studies, which is 11,128 euros, compared to 15,531 of men with the same formation, 28.3% lower. At the other end of the scale, women with diploma or university degree have an average income of 20,494 euros for 25,225 euros of men (18.8% less),” he clarifies.

Beyond education. The education report is not the only one that reflects these differences in training. The INE It also confirms Very clear differences between the income of the less formed and the most qualified people. According to their data, the average monthly gross salary of people with incomplete primary studies barely went from 1,400 euros in 2022. Among the most formed people, with higher education titles, that same average exceeds 2,600 euros.

In A report In which he analyzed the deviations with respect to the average salary based on the formation of the wage, Bankinter also appreciated the same phenomenon: the least qualified were 35.7% below the general average while the most prepared exceeded it in 65.8%.

Images | Redd Francisco (UNSPLASH) and Ministry of Education

In Xataka | The harsh reality of wages in Spain: the most frequent gross salary in 2023 did not exceed 16,000 euros a year

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