Estonia -Minimum wage proposal called unrealistic -June 11, 2014

The governor of the central bank stated in front of Parliament that the idea proposed by banker Indrek Neivelt to raise the minimum wage to 1,000 euros by 2018 is unrealistic.

The governor of the central bank stated in front of Parliament that the idea proposed by banker Indrek Neivelt to raise the minimum wage to 1,000 euros by 2018 is unrealistic. Neivelt’s reasoning was that ‘If entrepreneurs have access to some cheap resources, they will waste it’. He also wondered how it can be possible that employees are paid 300 or 400 euros a month, several times less than in Scandinavia. His suggestion was to add about 150 euros to the minimum wage every year in order to end up at 1,000 in 2018.

English: http://balticbusinessnews.com/article/2014/6/11/neivelt-s-1-000-euro-minimum ...    

For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.


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