Policy Contribution: Are Macedonian Wages Low or High – Wage Comparison between Western Balkan Countries and Comparator EU Member States
In Economics, wages are considered as price of labor. They should reflect worker’s productivity, i.e. what the worker produces or what is his/her value to the company. Wages are important as they largely affect the living standard of workers and their families, but are also a source of demand in the economy, and hence are…
Details