Economic policy
This section reports on economic policy initiatives of the Czech government, the EU, and other entities that have a direct impact on the competitiveness of the country. It also includes information on economic priorities of the AmCham and other leading associations.
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Spotlight issue
AmCham CZ: Manufacturing: Regional Employment and Median Wage by Occupation 2011-2016 - Bohemia
AmCham Czech Republic publishes a new report within the Czech Workforce series. Year-on-year in Prague in 2016, employment of Research and development managers recorded a decrease by 10.62%, while in other regions, the number of the positions stagnated.
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Is pay raise or different job the key to increasing prosperity?
CSSD has set the goal of increasing the average wage by 45%. Everyone should be for it, as long an employment stays high. The question, then, is how to achieve this. A quick analysis of the occupational structure of the Czech economy shows that the economy still generates more jobs in low-wage occupations and fewer jobs in high-wage occupations than advanced economies of the EU. CSSD's focus on building a research economy seems the best bet of the four policy solutions they have proposed.
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AmCham CZ: Manufacturing in the Czech Republic: National Employment and Median Wage by occupation 2011-2016 - report
AmCham Czech Republic publishes a new report within the Czech Workforce series. Wage increases in 2016 reflect the growing tightness in the labor market, due to the large decline in working age people. The situation accelerated in 2016, particularly in the blue collar market. The government's favored policies of increasing public sector wages and keeping a clamp on non-EU workforce are shaking the equilibrium between demand and supply. The question is whether the outcome will be the desired increase in wages while maintaining high employment, or the departure of a substantial number of blue collar jobs to other EU countries with either lower cost or higher productivity.
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