Lack of skilled labor, not rising wages threaten business

The studies shows that entrepreneurs do not have to be afraid of increased salary demands and that the economy will not suffer from the negative effects of increased employment and salaries. According to Malgorzata Krzysztofek, a PKPP expert, it would be dangerous if salaries grew faster than labor productivity. "It would lead to the increase of unit labor costs and the decrease of competitiveness. But this scenario will not materialize this year," stated Krzysztofek. "Companies will rather face a different problem, namely the lack of qualified employees," she added. The studies, which covered small and medium-sized enterprises, show that the lack of qualified employees has a negative impact on the development and financial condition of 43.2% of companies. According to the PKPP president Henryka Bochniarz, the problem is set to get worse due to emigration of young educated Poles. "The government should recognize the problem and do everything to create conditions for these Poles to find jobs here," stated Bochniarz. (Puls Biznesu, p. 6) E.B.