The Lowest Unemployment Rate in the EU is in Czech Republic
The average unemployment rate in the EU is 7.7%. In Czech Republic if 2.9% in June 2007, according to this article in Quartz Magazine. This is because of relatively low hourly wages (about 40% of EU average) and government incentives set in the 1990's to increase employment. Czech Republic has a lot of manufacturing industry. A lot of cars are assembled in the country these days. While manufacturing is big in Czech Republic, the country is lagging behind in the knowledge sector compared to the rest of OECD. According to the European Commission, Czech Republic was lagging behind the rest of the EU in terms of percentage of the population aged 30-34 having tertiary educational attainment (Czech Republic 32.8%, EU average 39.1%) in the year 2016. This could be a problem in the future if automation starts leading to job losses in the manufacturing sector. According to the Quartz article, Czech Republic has an aging population and there are labor shortages in many fields and red tape is preventing companies from recruiting foreign workers. As a result, wages have been increasing faster than productivity in recent times.
I was surprised that unemployment was that low in Czech Republic. But maybe I shouldn't have because when I visited Brno in 2003, it became clear to me that the local price level was low and thus wages must have been. Czech Republic neighbours Germany, a large high-income country with a lot of German manufacturing industry outsourced to it. I remember having a nice steak dinner for a mere 6 euros in a hotel in Brno, the second largest city of the country back in 2003. As the EU stats I referred to, tertiary education attainment has been increasing markedly Czech Republic in recent years. It probably won't take long before prices will start rising in Czech Republic. As a travel destination Czech Republic offers huge value for money. It is at the heart of Europe and has wonderful architecture to boot. The country has probably the best mass-marketed beer in the world. The Average Josef in Czech Republic would not drink the kind of piss the Average Joe in America drinks. North America, the Nordic countries and Scotland probably still have the best craft beers in the world, however.
It would be awesome also compare the Standard of living and Quality of life and talking about cryptocurrency, people now understand that their time is worth directly money so that can affect statistics, better stay at home and check your investment. btw Czech Republic look like a fairy tale and are the world's heaviest consumers of beer, true fact.
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Czech Republic is one of my favourite places and definitely my favorite in Europe. Prague is so beautiful and seems very busy so I guess It does make sense that the unemployed people there are a smaller percentage.
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I agree. You will like some tequila drink and beer in Mexico. The tequila are good especially during this cold weather.
Its good to know about Czech republic low unemployment rate. That is a sign of development in many area than most countries. I hope to visit someday.
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Mexico is not known for craft beer or artisan beer but who knows what developments might have taken place recently.
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People might think they are unemployed but in reality, they just sit on crypto and not give a potato about anything!
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But then there are people who earn couple thousand from crypto and feel like they don't have to work anymore when in reality they would make more money by having a job.
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Most people make a normal living by having a job. But to what extent do people work for the money and to what extent they work for reasons like having purpose and identity? I suppose in Southern Ostrobothnia (@dromzz's home province) the latter are a really big deal.
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I have only ever had few small summer jobs and I never really worked for money. I made more money with youtube than if I had worked my ass off in summer jobs. I need the working experience in my CV so that I can apply for a good job in the future.
Going to a school or a job can give your life a meaning even if you take away the financial aspect. Or actually now that I think about it, doing something that you like gives your life a meaning.
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I have a friend who moved to the Czech Republic about 10 years ago, thinking about it right now, maybe even a good destination especially for me who lives in Venezuela. hahaha
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i did not know these .
informative expression..
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I am really waiting for your post, @markkujantunen because I am new to beginner in steemit, my experience is still lower than you, thanks for giving very useful information, once again thanks @markkujantunen, one day I hope to be like you are great in steemit world,
Greetings from aceh
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Welcome.
A few words of advice. You, or anyone else will benefit most from being a commentator on somebody else's blog by engaging in a conversation like you would normally do. Read the post you comment on. Make comments that show that you care and are genuinely interested. Become a valuable contributor. It is best done if you find someone who is into the same things as you are.
While most people have nothing against auto-upvoting your own posts, many people don't like people upvoting their own comments. If you have little Steem Power, it will do very little good anyway. Your comments will gain upvotes if others find them interesting. Some people have a policy of never upvoting comments the commenter herself has upvoted. @gamer00, for example, has stated that he will never upvote self-upvoted comments.
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@markkujantunen
#Out of topic question
The image u uploaded..I have seen same graphics in a game but I don't remember...can u help me to know..
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It's by an American photographer by the name of Kirk Fisher who released it on a CC0 Creative Commons licence requiring no attribution and being free for commercial use. Unfortunately, I have no knowledge as to who else might have used that photo.
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