Minimum wage to be raised by 20 %
Thursday, September 16th, 2021A conservative economist agrees that Hungarian wages are low, but he still finds the government’s plan to raise the minimum wage by 20 per cent risky. READ MORE
A conservative economist agrees that Hungarian wages are low, but he still finds the government’s plan to raise the minimum wage by 20 per cent risky. READ MORE
The leading online business media outlet contends that despite a surge in the Romanian average wage, Hungarian households with children still have a higher disposable income, due to tax benefits offered for families. READ MORE
A left-wing columnist thinks that, due to the higher than expected growth rate, the government should have raised wages by more than originally scheduled. He warns, nonetheless, that steady wage increases may hurt Hungary’s competitiveness. READ MORE
A pro-government journalist praises government policy, but admits that Hungary’s high growth rate is also due to external factors. READ MORE
A left-wing analyst criticizes the National Bank for not raising the base rate despite the high inflation rate. Other economists think that higher prices are the natural result of increasing wages and a higher demand for higher quality goods. READ MORE
A liberal analyst thinks that although wages are still way higher in western Europe, Hungarians working there may still ponder returning home as salaries in Hungary have been steadily increasing for years now. READ MORE
An analyst writing for the leading online business news site believes that growing productivity and the weakening Forint may help Hungary avoid a ‘wage hike catastrophe’. READ MORE
A left-wing analyst fears that while decreasing unemployment has resulted in substantial wage increases in the German automobile plants in Hungary, the looming lull in the world economy might squeeze thousands of jobs out of the industry. READ MORE
A pro-government economist welcomes the government’s efforts to raise wages. A left-wing analyst, on the other hand, thinks that low wages entrench inequality in Hungary. READ MORE
A pro-government columnist and an independent analyst find the government’s draft budget well-balanced. A left-wing commentator speculates that the government will have even more opportunity to spend large sums at its own discretion. READ MORE