Estonia, Financial Services, Labour Unions, Legislation, Markets and Companies, Wages
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Friday, 03.05.2024, 23:24
Estonian Trade unions: minimum wage should be 320 EUR
"The higher minimum level of wage increases domestic demand and supports Estonia's economic growth," ETUC's chairman Harri Taliga said in a letter to EEC head Tarmo Kriis.
Taliga said that the increase would not reduces Estonia's international competiveness since our productivity is relatively higher as compared to other EU states than the wage level. "Estonia's labour costs formed in 2010 just 7.34 euros an hour, which is considerably less than not just the indicators of Holland (31.67 euros), Ireland (28.69 euros) or UK (19.32 euros) but also as compared to Slovenia (14.24 euros), the Czech Republic (9.11 euros) or Slovakia (7.90 euros)," explained Taliga.
Taliga added that the increase of minimum wage would also reduce the amount of unreported wages that forms nearly 10% in Estonia.