In the previous years, the development of the macroeconomic parameters was favourable, except the labour market. The trends in an unemployment rate, as well as a development of the real wages seemed not to be in the accord with the high economic growth. In 2005, the development on the labour market was different, and more favourable than in the previous the other kinds of imbalance - higher growth of the real wages compared with lower growth of a productivity. This article explains changes in the development trends in the year 2005, makes statements to some discussed topics (risks of imbalance between wage growth and productivity growth or the scope of tax wedge) and indicates the possible development projections in the years 2006 and 2007.
Financed by the National Centre for Research and Development under grant No. SP/I/1/77065/10 by the strategic scientific research and experimental development program:
SYNAT - “Interdisciplinary System for Interactive Scientific and Scientific-Technical Information”.