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Wifo: Economy Remains Competitive Despite High Wages
Head of Wifo (Austrian Institute for Economic Research), Karl Aiginger, calls for a change of views in economic policy as competitiveness is more than just low costs.
Wifo: Economy Remains Competitive Despite High Wages / Picture: © Vindobona.org
According to Aiginger international competitiveness and economic growth are about obtaining social goals, particularly high wages, employment, social cohesion and environmental sustainability. With this concept a country is able to compete internationally Aiginger declared and demands a change of views in economic policy.
In Europe, countries as diverse as Switzerland, Denmark,…
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