We are delighted to present you the second #4discussion, devoted to the topic of minimum wage and the welfare state. See what do Elina Lepomäki, Professor Tim Evans, Barbara Nowacka, and Richard Durana have to say on the topic and feel free to comment on that!
We have the pleasure the present you an infographic accompanying the project on the impact of minimum wage on the economy of six Eastern European countries created by Visio Institute and supplements the previously published on our website policy paper titled “Minimum Wage: Busting the Myth”. Enjoy!
In 2014, the Czech economy did well. All reports have forecasted the same for 2015. The publication of the Czech Statistical Office dealing with the development of the Czech economy in the first quarter of 2015 confirms it. So how well did we do after all?
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.
2014 passed under the sign of decreasing unemployment and increasing employment in Bulgaria. Although a big part of the population still hasn’t felt the benefits of these favourable tendencies, they are not only present in the leading economic centres, but also in some of the smaller regions of the country.
The investment incentives (part of state aid) are like a looser relative at a family meeting. Nobody is too excited to see him, but everybody is accepting that he has to be there. Every single economist will confirm that the incentive represents market disorder.
The 34th edition of the Survey of the Lithuanian Economy provides forecasts of the main economic indicators for 2015 that are based on a poll of market participants.
At European level, the NEETs are considered as one of the most problematic in the context of youth unemployment groups. For few years already, some analysts have started to talk about a “lost generation” sometimes referring as the NEET as a population of young people literally doing nothing.
Goodbye Ben, and welcome Jannet; but from the point of view of FED policy, nothing has changed, apart from the fact that Yellen could be a more pro stimulus oriented person than Bernanke.
In line with Laffer’s curve, the low flat income tax has led to a steady growth in revenues from income tax, because people responded to the reduced incentives for concealing income.