On the occasion of the celebration of the 25th anniversary of the creation of the Open University of Catalonia (UOC), the authors take the opportunity to reflect on the recent evolution of the labour market in Spain and its labour relations, as well as its future challenges. A period that begins with a long phase of expansion of the Spanish economy and ends with the outbreak of the COVID-19 pandemic. In the middle, events with a relevant economic and labour effect such as (i) the relocation that has accompanied globalization, (ii) the migratory movements that have rendered us a host country, (iii) the violent impact that the Great Recession that began in 2008 and the pandemic of 2020, as well as (iv) the process of technological and digital transformation in which we are immersed. Despite this, the article does not have a vocation for the past and stops in the analysis on two great challenges. Job quality, a challenge that has been present in the last twenty-five years and that, far from being resolved, has become more urgent. And the digitization of employment, the great test of the Spanish economy and society that may be a turning point in our employment structure.