On the one hand, Slovak unemployment rate is declining. Automotive industry and large companies find it difficult to hire enough employees. According to the recent reports, workers are brought in not only from Ukraine or Hungary, but even from Serbia.
Competition creates pressure to decrease profits in every part of production. Therefore, if someone would like to “help” developing countries by restrictions and price regulations, there should not expect that all costs will be absorbed by the corporations.
Slovak education needs a consumer-selected group of people and schools that do not wish to offer quality education, and rather just teach the same curriculum year after another, not considering the well-being of children. Many people will have to leave the field of education and a lot of old structures will have to disintegrate.
The article analyses the present state of regulation of accommodation and taxi services in Slovakia. We then briefly describe the arrival of sharing economy platforms such as Uber and Airbnb into Slovakia. We present our recommendations for changes in the public regulations.
Regulation of the commercial business sphere by the government is a relatively hot topic these days. According to a new study by Coffey, McLaughlin and Peretto (2016), the current GDP of the US would be 25% higher if federal regulation had not increased since the 1980s.
Football as a sport is not selective about effeminate athletes who have a low pain threshold and pathological inclination to deception. Football players are just the same as other professional athletes; the only difference is in the environment and referring constraints to which they must face in pursuit of victory.
Slovakia’s example is emblematic of how a government trying to patch up fiscal loopholes turns to targeting incomes of the most vulnerable, using their limited means to solve societal problems. From the government’s perspective, this is often the easiest way to procure the necessary funding.
This is the sad history of price regulation of wages, venerated by the politicians, voters but also various organizations trying to help minorities. Although its current defenders do not have the same reasons as its supporters from the previous century, their agendas, unfortunately, still bring the same consequences.
The first task an economist has to master is to explain to people that there is such a thing as an economic problem. That is because people are more concerned with everyday emotionalism creeping into their lives by means of having to deal with another type of a problem that we could call an ‘engineering’ one.
The real problem of the minimum wage concerns a very different group of people. Yet you will not see these people in newspapers or TV and they are not part of government negotiations at all. They are the unemployed people. Hence, what economists argue as some “redistribution problems” between employers and employees is not at the core of issues with minimum wage.