editorial partner Liberte! Friedrich Naumann Foundation

Robert Chovanculiak

ABOUT Robert Chovanculiak
An INESS analyst. He holds the Ph.D. degree from the Matej Bel University, Slovakia, where he did his research at the Department of Public Economics and Regional Development at the Faculty of Economics. He worked for Slovak Business Agency prior to joining INESS. Robert’s field of professional interest is public finance, economic policy, regulation, and education.
Minimum Wage, Maximum Tragedy
Economy
Minimum Wage, Maximum Tragedy
If we want to start talking about next year\'s minimum wage increase, we first need to look to the past. As we all know, 2020 was the year of the pandemic, and that brought with it, among other things, a significant downturn in the economy, and with it a fall in labor productivity. The private sector responded logically by reducing the growth in average wages. But not all businesses had this option.