Countries and organizations have often suggested ideas and changes based on the US economic/healthcare or educational system. Even though there are elements which we can learn from and desire to implement, some other parts of that system might seem much less attractive and desirable.
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.
Apart from modern enterprises competing in international markets, there are more small enterprises of very low productivity in Poland than in developed countries. FOR estimates that half of Polish GDP is produced by at most 5.6 million people.
Perceiving, enforcing, and defending freedom requires character traits which need to be taught and trained. Civic and political education has to empower people not just to recognize and comprehend the complexity of the modern lifeworld, but also to master it.
In late June the Lithuanian Parliament adopted a law that consolidated the employer and employee base for social security contributions and significantly cut the rate of contributions.
In political discussions, we often ask whether a specific policy will create or destroy jobs. The success of an economic sector is often measured by the number of jobs it provides. The question of jobs is particularly topical in the context of new businesses or start-ups.
An example of innovation is a standardized cargo container. Today, there are more than 20 million of these containers around the globe and we move practically everything in them. This innovation from the late sixties completely changed the world.
This year the Tax Freedom Day comes five days later; regrettably, government spending surpasses economic growth and Lithuanian taxpayers should work more and more just to pay taxes. To compare, Estonia celebrated on May 7, the United States on April 23, and Australia on April 13.
Lithuania’s new Labor Code that was supposed to be flexible in balancing employee-employer interests is to take effect as of 1 July 2017. It was already approved by the previous government, but vetoed by the President. Therefore, its entry into force was postponed and so began the process of its improvement.