Are we going to witness an historical housing price correction amid sharpest rise in unemployment and social tension?...and the minimum you should know in order to protect yourself from this downturn from an economic, stock market and political point of view... with a pinch of humor and sarcasm.
Thursday, 20 December 2007
Construction Cost Soar...Not For Everybody
"Ajankohtainen Kakkonen revealed that Polish workers are being paid less than a fifth of a Finnish labourer's wages. "
"The government-owned developer in charge of the site, Senaatti-kiinteistöt, said it had no idea this was going on."
"The Finnish Construction Trade Union, however, says that this is common practice particularly on governemnt sites. They say the problem lies not with the labour laws themselves, but in their supervision and application to foreign workers."
"I've wondered for a long time why state and municipal construction sites in particular allow such neglect of labour laws on their sites," says union chairman Matti Harjuniemi.
I'm not sure on which side I will stand here. The Construction Union are trying to protect the purchasing power of their members against the purchasing power of housing purchasers and renters.
In Europe, we are supposed to be in a single market, so free flow of good and labors should be an advantage. Unfortunately, in Finland they have set "firewalls" through Tax (Customs: , for example car tax) , trade barriers (state monopoly: Alko, Gambling ) and foreign labors "inflexibility".
Source: YLE
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