Photo: Gerd Altmann, Pixabay, CC0 1.0 DEED
Labor market conditions in Czechia have deteriorated for the third consecutive year and are now ranked as the tenth worst in the EU, primarily due to low flexibility and significant gender pay disparities. Despite having the lowest unemployment rate in the EU, Czechia is struggling to create favorable conditions for workers. I spoke to Lukáš Kovanda, Chief Economist at Trinity Bank, to find out what is contributing to the worsening labor market conditions.
Can you comment on the factors affecting Czechia’s labor market and if there are others that stand out?.
See more here.
Author: Jakub Ferenčík