Minimum wage increases economic productivity

Trade unions in Slovenia have achieved their goal of a rise in the minimum wage. This will benefit the economy, writes journalist Marko Kos in the daily Delo: "Minimum wages are both an incentive and an obligation for company managements to give up their complacent and cushy defensive stance and focus their energies on innovative development ideas. This will lead to a turning point as far as low wages are concerned. A crisis is not the right time to raise salaries because many companies are already struggling. But without a salary rise there can be no turnabout in the state of the national economy. ... Owners must invest in personnel and development. ... The salaries will then increase parallel to productivity."

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