Skilled labor shortage results in rising wages

According to the latest research by the National Bank of Poland a majority of companies intend to increase employment, but 42% of them have problems with finding employees. "One third of the unemployed only register with the labor office so that they receive health insurance, while in fact they work illegally or abroad," said Marcin Mrowiec, an economist at Bank BPH. In reality, the unemployment level is much lower than that presented in statistics. "Moreover, there is a shortage of skilled labor, as the education system is totally out of tune with market needs, so it turns out that those actually looking for work do not have skills wanted by the market," said Zbigniew Zurek, deputy president of the Business Center Club (BCC) due to the labor shortage wages are indeed going up, by 3.6% in January, 4.8% in February and 5.4% in March. (Parkiet, p. 8) M.M.