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Opinion: Estonia’s competitiveness at risk

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As production catches up and demand for labour increases, it is normal that the cost of labour rises. It's just the basic economic law of supply and demand, and something that adherents of the free market should support. Also, if labour costs wouldn't rise, the living standard of salaried Estonians would never rise.
The only problem is when labour costs rise much faster than productivity growht, this can be solved by attracting skilled migrants, to increase the supply of labour Reply to the comment answer
~Mark [03.01.2013, 13:35]
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