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.
“We must prevent exploitation of workers,” they say. Well, this is a complete nonsense. Capitalist exploitation is nothing but a fable that leftists, populists or inadequately educated individuals uses for haunting employees – just like parents use tales about bugaboos under bed to scare unruly children.
More than 20 representatives of NGOs, Roma employment organizations, journalists, politicians, embassies’ representatives, among others, attended a seminar organized by INESS on December 15, 2015 devoted to describing the existing barriers on the labor market, which are the result of existing legislation and discuss possibilities of their removal, or change.
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.
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!
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.
We have the pleasure the present you one of the series of our policy papers that we will be publishing in the near future. The publication discusses the impact of minimum wage on the economy of six Eastern European countries. Enjoy your reading!
From 2012 to 2014 Lithuania increased its minimum monthly wage by almost one third (from 800 Litas in 2012 to 1,035 Litas in 2014). There are suggestions to increase the minimum wage in 2015 even more the supporters of the idea claim that companies would adapt. But is it all that simple? According to the survey conducted by LFMI, minimum wage increases come at a cost and they eventually bring several negative consequences.
A survey conducted by the Lithuanian Free Market Institute (LFMI) shows that a rise in the minimum wage negatively affects Lithuania’s businesses and hurts workers. Of the 181 companies questioned, every third said that the 2012 and 2013 increases in the minimum wage had a negative impact on their businesses