Vol.1 , No. 3, Publication Date: Sep. 29, 2014, Page: 35-42
[1] | Toivo Tanning, Tallinn School of Economics, Tallinn, Estonia. |
[2] | Lembo Tanning, TTK University of Applied Sciences, Tallinn, Estonia. |
The objective of this article is to analyse the labour productivity, or and working efficiency of new European Union (EU) states, in Baltic countries (Estonia, Latvia, Lithuania), with emphasis on Estonia; and to compare them on the EU level. Labour market problems in Baltic countries have become more and more important. When the EU labour markets opened, some EU countries were forced to face the problem of partial workforce drain to richer countries with higher wages. In addition, on the one hand, Baltic countries have quite high unemployment rates, and on the other, many vacant jobs – there is a lack of qualified workforce. Low salaries, among other reasons, force many people to go to work in rich countries, where wages are several times higher. A number of proposals to increase labour productivity for both workers and entrepreneurs have been listed in the summary.
Keywords
Baltic Countries, Europe, Working Efficiency,Labour Productivity Change, Suggestions
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