The rise in the minimum wage and its effects on employment is the umpteenth example of how things work in Spain, full of servility to nauseating levels. Faced with the search for truth and the contrasting of hypotheses, lies and blatant manipulation were imposed. And always with the help of some academic reports. My question to the Bank of Spain is a direct one: when are you going to apologise to the public for the use of dynamic stochastic general equilibrium models? They are incredibly unreliable! But they are full of ideology. AIREF (Independent Authority for Fiscal Responsibility) has already apologised and publicly acknowledged that the increase in the minimum wage is not having any negative effect on employment.

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