Hungary -OECD recommends freezing of minimum wage -January 27, 2014

The OECD’s latest Economic Survey assesses the country’s exit from recession as well as steps that can be taken to boost its growth potential. Growth potential is held back by weak investment and low employment among low-skilled workers Employment is hampered by skills mismatches and low mobility. Low-skilled labour supply greatly exceeds demand, especially in disadvantaged regions. The public works program has increased employment, but has a poor record in reintegrating the non-employed to regular work. One of the recommendations is: ‘avoid increasing the minimum wage by more than warranted by inflation and productivity developments, and consider even freezing it for some time’.

English: http://www.oecd.org/eco/surveys/Overview_Hungary_2013.pdf

 

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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