Falling Wages in Southern EU Vex Draghi as Youth Punished: Jobs

Joseba Prieto de las Heras thought a master’s degree would enable him to earn more. Spain’s labor market decided otherwise, forcing him to accept a position that pays half as much as a student job he had a few years earlier.

He’s been managing digital marketing and Web design since January for an online medical information and training company in Barakaldo, close to Bilbao, the economic capital of Spain’s richest region, for 1,000 euros a month ($1,338). Prieto says he took home twice that amount sorting paperwork for a bank four years ago.