Even though Finland’s employment rate has increased during the government’s term, the Finnish Confederation of Business and Industry also finds grievances in the labor market situation.
Business life according to the confederation (EK), Finland’s employment rate cannot be satisfied, even though it rose to 74 percent in June.
“At the same time, we have a large number of vacancies and high long-term unemployment. The number also hides the fact that the change has taken place without the working hours having increased in the same proportion”, says EK’s press release.
According to EK, the Finnish labor market does not work “well enough”. EK and many other entities have long demanded that Finland’s employment rate be raised to a “Nordic level”.
EK’s CEO Jyri Häkämiehen According to this, many industries in Finland are suffering from a burning shortage of experts and workers. In particular, the social and health care sector suffers from it, which the EK proposes to ease the staffing shortage About the cuts in Kela allowances giving up.
“Intentions for surgery must be abandoned so that the acute crisis in health care does not get worse. Private health care is needed even more to make it easier to get to a doctor and shorten treatment queues.”
Häkämies proposes lowering income tax in Finland, which he says could be a solution to increasing work incentives.
“If implemented correctly, it would also equalize the effects of inflation.”
The labor market in addition, EK highlights, among other things, the government’s plans to cut transport money, which it says threatens to paralyze new investments.
According to Häkämie, this is not a sustainable growth policy, considering the size of the infrastructure repair debt.
According to EK, the key position of the Finnish economy will be the growth of small and medium-sized companies in particular.
“During the budget rush, the necessary financial decisions must be ensured, especially with the emphasis on corporate leadership,” says Häkämies.
Finland the amount of the national debt is estimated to rise to 144 billion and the government is preparing for a doubling of interest expenses on the national debt next year.
According to EK, Finland has not been able to sufficiently solve structural challenges during the past government term.
“Finland is paying a high price in preparation for the budget crisis [Sanna] Marin’s about the government’s loose economic policy”, says the press release published on Friday
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