Farewell to low-wage Lithuania

Thanks to a high rate of economic growth, but also to the fact that many people have left the country, Lithuania currently has near full employment. However, according to the online news portal Balsas this could soon change: "An increasing number of workers are being made redundant because of investments in new machinery. For a long time we were a low-wage country but those times are over now. Nowadays you can produce cheaply in Vietnam, perhaps, but not in Lithuania. We are investing in more efficient work processes rather than creating new jobs. But we should not be concerned that investments in cutting-edge technology are the reason for job losses, for this is just a reaction to the increasing wages. Moreover, such investments show that companies are planning to stay active in Lithuania in the long term."

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