25
February
2013
Recent strikes of minibus drivers in Tbilisi have reminded all of us about the long-forgotten issue of labor rights in Georgia. Since the new government came to power at the beginning of October, employee protests have become a regular “inconvenience”.
18
February
2013
According to standard economic theory, labor is a good like any other, traded on the labor market. Like with all other markets, the price for labor, which is the wage, ensures that supply meets demand.
17
January
2013
Wages and productivity levels differ across countries. For instance, in 2011 the average yearly income in the US was about $53 000, whilst the same indicator was $250 in Madagascar.
14
November
2012
At least on paper, Georgia has all it takes to be a successful agricultural producer: a favorable tax environment, mild climate, long growing season, inexpensive labor force, and abundant water resources.
26
October
2012
As Harry S Truman once noted – “It's a recession when your neighbor loses his job; it's a depression when you lose your own”. While Georgia was able to grow its economy, this growth did not trickle all the way down.
