Thursday, October 1, 2015

Matúš Kočalka, Chapter 2, Question 1


In the text the author mentions the incentive concerning the minimum wage and social doles.
If people see, that having a stable job is actually not as profitable as being unemployed, they simply don´t work. This is basically happening because the government made the conditions for unemployed people very attractive – they get the minimum wage monthly, and they don´t need to spend “their precious” time in the work. Moreover, the conditions for getting the minimum wage by working aren´t very different from getting the social doles and being unemployed.
One of the main aftermaths of this problem is huge unemployment. The author remarks, that in this case the government wasn´t successful in working with incentive, and so there´re reasonable negative outcomes.

This is actually happening in Slovakia as well. We´ve got a huge rate of unemployment, because the minimal wages aren´t bigger comparing to the social doles (maybe by 20 Euros, and that´s nothing). Therefore the poorest people decided to stay on the doles, because it´s simply not beneficial to work. 

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