A minimum wage problem is a thought experiment that is not easy to comprehend. The fact is that people are different. Some people create enormous wealth and others do not produce much. If their added value or created wealth in a month does not reach the minimum wage, the government forbids them to work.
Georgia, after regainig its independence, became a place of many experiments. The nation made certain state-craft steps to obtain legitimacy and capacity to run social institutions. Including the process of restoration of private property.
The 2017 labor law reform significantly improved Lithuania’s position in the Employment Flexibility Index, moving the country from the 27th to 15th position among the EU and OECD countries, according to Employment Flexibility Index 2019 compiled by LFMI based on the World Bank’s Doing Business data.
100 years ago, Poland regained independence, but its economic success started only 30 years ago. Neither the Second Polish Republic after World War I, nor the socialist People’s Republic of Poland after World War II managed to significantly increase standard of living compared to the USA.
The key goal of this document is to be the planned increase in the quality of making of business law and to improve the relations between public administration and entrepreneurs. There are five reasons why this is pure propaganda.
As part of the implementation of the European Pillar of Social Rights, the European Commission (EC) has adopted a proposal for a Council Recommendation on access to social protection for workers and the self-employed.
The shadow economy in Lithuania remains pervasive despite economic growth, and as many as one in two people would consider informal consumption and undeclared work if their financial circumstances worsened, shows a LFMI research report.
The aim of the publication Shadow Economy: Understanding Drivers, Reducing Incentives is to present and analyse the results of representative population surveys into public perceptions of the shadow economy and engagement in illicit activities that were conducted in six countries.
Transition of a country from the category of developing countries to developed one is a process that takes years. The change of category is a byproduct of institutional changes and accompanying increase in the level of living. Poland has been implementing reforms moving us toward market economy and democratic society since 1989. As a result we were able to close significant part of the gap in standard of living between Poland and Western countries. It…