unemployment

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[1], 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.

If Germany introduced the French minimal wage, approximately 8 million Germans could lose their jobs.

One in every four EU citizens would either probably or definitely leave their home country to work in another EU member state in the next ten years.

And still, at the same time, and in addition to these statements, the same government, and its majority in parliament, is approving measures, which are likely to increase unemployment and destroy the process of creating new jobs.

The lack of experience, skills and even professional contacts among young people, makes them understandably one of the more sensitive labor market groups.

To answer the question of how the labour market will evolve we first need to understand where it came from and what purpose does it serve.

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While German pensioners in retirement received on average 58% of their salary, Italians received 76%, Spaniards 84%, and Greek pensioners - 110%, more than their previous salary.

Rent-seeking occurs inevitably in every society, however, some societies suffer from it more and some others less.