Labor policy refers to the set of laws, regulations, and guidelines that govern the relationship between employers, employees, and labor organizations. It encompasses various aspects of labor relations, including wage levels, working conditions, employee rights, collective bargaining, and labor market regulations. Labor policy aims to balance the interests of workers, promoting fair treatment and ensuring safe working environments, while also supporting businesses and the overall economy. It can be shaped by government legislation, judicial rulings, and collective agreements between employers and labor unions. Effective labor policies are crucial for enhancing productivity, ensuring social justice, and protecting workers’ rights in the workforce.
Spain raises its minimum wage by 4.4%, bringing it to €1,184 monthly, effective retroactively from January 1, 2025. The increase affects over 2.5 million workers, aiming to reduce inequality and…