wages

The Estonian economy is showing green shoots of recovery again, and people\'s real purchasing power has risen since June of last year. These are the words of the Minister of Economic Affairs and IT Erkki Keldo . He also added that wages have also been outpacing inflation. Speaking to \"Esimene stuudio,\" Keldo noted that people\'s real purchasing power has been increasing since June of last year.

The current process of negotiating salary increases for public servants should also be seen in the context of international comparisons. Slovakia spends the most on salaries in the whole V4, not only as a share of total public administration expenditure but also as a share of GDP. In these comparisons, Slovakia spends more than the EU average.

We all want higher wages for less work. This explains why the four-day working week is such a popular topic in the media. But it is even less of a justification for the emotions that run high when the subject is discussed. These, in turn, prevent rational argumentation and consideration of all the problems with this popular proposal.

Slovak Prime Minister Robert Fico said at Davos that Slovakia could become a country that will experiment with a four-day working week. It is a flattering topic and so several media immediately picked up on it.

In the current situation of high inflation and large budget deficits, salary increases for politicians and central bankers alike are rightly criticised. While, because of the poor economic situation, the wages of most citizens are falling in real terms due to inflation, these high-ranking civil servants are not feeling any of the pinch.

The Hungarian education system is in an alarming state. Since the regime change in 1990, many both left-wing and right-wing governments tried to reform education; however, neither of those were successful.

Teachers\' salaries are a topic every year. This time, however, it is different. In addition to internal arguments about the state of education, external developments - inflation and the public deficit - also play an important role.

If we want to start talking about next year\'s minimum wage increase, we first need to look to the past. As we all know, 2020 was the year of the pandemic, and that brought with it, among other things, a significant downturn in the economy, and with it a fall in labor productivity. The private sector responded logically by reducing the growth in average wages. But not all businesses had this option.

The Slovak education system has a number of problems but the generally low teacher salary is not one of them. Those who claim the opposite refer to an international comparison: the share of teachers\' wages in wages of university-educated people.

The European Commission has proposed options for possible EU action addressing the challenges related to fair minimum wages in the EU. The initiative has a general objective to ensure that all workers in the EU are protected by fair minimum wages, allowing for a decent living wherever they work.