Since the Czech Republic is an export-based economy with one dominant trading partner (Germany), one can be very skeptical of the ability of the Czech government to actually reduce unemployment. On the other hand, there is much the government can do to make the situation worse.
A robot called Baxter truly exists. It takes him one hour to learn simple repetitive movements and then it is able to repeat them with objects which weight no more than 10 kilograms. Baxter costs 22 thousand US dollars. It is less than work costs of one employee with average salary in Slovakia for two years.
At the beginning of his speech, CEPOS President attacked the popular myth of Denmark being rich thanks to the welfare state. As he demonstrated on number of charts, Denmark was first rich, and only then could afford the welfare state.
Speaking of visions, the lack of consensus extends beyond politics. Many employers have been lobbying for more practical education, especially on the level of secondary schools. This has been opposed by most experts on education.
Germany is thus in a strange position: it is putting pressure on other countries to cut their budgets and take actions to implement necessary reforms, but itself will do the opposite.
The Institute for Market Economics (IME) presented its view on the performance of the economy, putting the focus on the labor market and the job creation in a time of crisis. The latest data from Eurostat shows that more and more European countries are again in a recession and that Bulgarian growth is weakening in the end of 2011. It seems that Bulgaria is also heading towards a recession in 2012. The labor market is…
Institute for Market Economics Cordially invites you to a press conference Jobs During Crisis: A Flexible Approach To Labor Market Regulations The Institute for Market Economics (IME) will present its view on the performance of the economy, putting the focus on the labor market and the job creation in a time of crisis. The following questions will be discussed: Are Bulgaria and the EU facing a new recession? How is employment developing in…