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If wages fall further, employment will rise.
If wages fall relative to output, hiring should increase.
So fewer of them work, and their wages fall.
Unskilled workers are ignored, so their wages fall.
"There are many academic studies showing that when health costs rise, wages fall," he said.
Those at the top are increasing their wealth as wages fall.
The new legislation will prevent them from declining as wages fall this year.
And, as wages fall and a quarter of workers remain jobless, most Spaniards have yet to notice the uptick.
So – for example – while the military budget remains intact, soldiers have seen their wages fall by 40 per cent.
When nominal GDP falls, there is no longer enough spending to sustain the same number of jobs unless wages fall.
A rare occurrence, deflation can have a devastating effect on a struggling economy as prices and wages fall.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com