Hungary - OECD Economic survey 2016 - May 31, 2016

In the OECD 2016 economic survey the organisation on the one hand pleads for lowering the minimum wage (and for instance also the wage of youngsters), on the other hand the OECD signals a brain drain and labour shortages that ask for an improvement of wages. Notably in health care significantly higher wages may be needed to stem these developments. Moreover, low health care investment spending has led to unfavourable working conditions and outdated medical equipment. Such underinvestment is not sustainable. Finally, the bulk of long-term care is currently provided informally by family and friends, but as in other countries this may change, and an increasing institutionalisation of long-term care would raise public spending.

English: http://www.oecd.org/eco/surveys/hungary-2016-OECD-economic-survey-overview.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, Willy De Backer wdebacker@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. Since June 2013 readers can consult our archive and search through all articles in our database at www.cbnarchive.euYou may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.

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