All three countries have not only managed to liquidate unemployment, but they even suffer from labour shortages. They have managed to avoid unemployment even at a time when the economy has stagnated or declined. Poland’s economic situation is a case in point; despite great declines in output, resulting largely from shortages of raw materials, unemployment has not arisen. On the contrary, labour shortages are felt in various sectors.
KeywordsReal Wage Labour Economy Wage Increase Full Employment Labour Shortage
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