Serbia ended 2015 with lowest wages among ex-Yugoslav states

See, it was wrong not to recognize Kosovo, otherwise Serbia wouldn't be at the end at list.

Serbia has always been quite poor and undeveloped; indeed, this is precisely why the whole Yugoslav project was of such import to them---it simply made them look much better than they were...then again, the Serbs were happy to be mired in a low productivity mindset/poverty as vassals of the Ottomans so why would this be any different under any other political context hmm?

In the world of finance there is one rule for powerful NATO countries and another rule for the rest of the world. For America, UK, Germany, and Japan the economic crisis is dealt with by pumping extra money into their economies. Since the current crisis started 2007/8 these countries have created tens of trillions of dollar, pounds, Euros, and Yen to keep their economies alive. In London even economic illiterates can see how this created money us being spent. Over £100 billion is being spent on upgrading London's railways. New railways will now connect new districts that are having thousands of new homes built. Without this government created money, Britain would be in an economic depression similar to Serbia and would have mass-unemployment.

This economic recovery plan is not however available to Serbia. The Serbian government must not create Dinars to finance infrastructure building because it would cause "inflation" and cause the IMF, EU, and NATO to be very upset.

Why would Serbian "quantitative easing" be bad when it is clearly used successfully by the Western Powers is never explained.

Serbia should create Dinars to finance road building, new railways and repairs to schools, hospitals and other government structures. Using Dinars to employ Serbians, using Serbian made tools, concrete, bricks and asphalt will generate a million new jobs and create a better country. Will it cause inflation? Probably not, but who cares? The country will be richer and happier.

You can raise the wages and the unemployment will rise, you try to take care of both and inflation will skyrocket, the whole balkans is suffering, this will not fix any time soon and if the people act like they are now, then never

How stupid it is? They forgot to include data on same subject about RKS!???

Where is Kosovo? It is also an ex-republic.

Prices are not going to skyrocket if you raise the wages. You could double or tripple the wages and the new buying power will still be way to low and it will not force inflation. Prices are close to the rest of Europe, but the wages are a pittance. The low wages were designed to attract investment, but honestly they attract the wrong kind of investment. They should be increased gradually until they meet or exceed the European average and that will prevent any chance of sudden inflation.

(J.Oker, 8 January 2016 17:30)
#

Simple minds amused by simple things. What a stupid statement. Poland recognised Kosovo and look at them LOL. Over 2 million Poles outside of Poland working or looking for work. Now that is a real success EU story.
Have you been to these places recently? I doubt it. Please stop playing with yourself.

(Vladan, 9 January 2016 18:23)


I spent time in all former republics last year and they are much the same as Serbia. Slovenia is a little better but not much. Do you think that there are better wages in Croatia or Slovenia? Not really otherwise you would not have large numbers of young people leaving those places to look for work elsewhere.
It’s like the World Bank report on the world economy where Russia and Brazil will be in recession in 2016, but the US expects growth. However, when you look at the facts the US has not recovered since 2008.
All of this data is just smoke and mirrors or trying to lift spirits of the locals nothing else.

See, it was wrong not to recognize Kosovo, otherwise Serbia wouldn't be at the end at list.

Serbia has always been quite poor and undeveloped; indeed, this is precisely why the whole Yugoslav project was of such import to them---it simply made them look much better than they were...then again, the Serbs were happy to be mired in a low productivity mindset/poverty as vassals of the Ottomans so why would this be any different under any other political context hmm?

How stupid it is? They forgot to include data on same subject about RKS!???

Where is Kosovo? It is also an ex-republic.

In the world of finance there is one rule for powerful NATO countries and another rule for the rest of the world. For America, UK, Germany, and Japan the economic crisis is dealt with by pumping extra money into their economies. Since the current crisis started 2007/8 these countries have created tens of trillions of dollar, pounds, Euros, and Yen to keep their economies alive. In London even economic illiterates can see how this created money us being spent. Over £100 billion is being spent on upgrading London's railways. New railways will now connect new districts that are having thousands of new homes built. Without this government created money, Britain would be in an economic depression similar to Serbia and would have mass-unemployment.

This economic recovery plan is not however available to Serbia. The Serbian government must not create Dinars to finance infrastructure building because it would cause "inflation" and cause the IMF, EU, and NATO to be very upset.

Why would Serbian "quantitative easing" be bad when it is clearly used successfully by the Western Powers is never explained.

Serbia should create Dinars to finance road building, new railways and repairs to schools, hospitals and other government structures. Using Dinars to employ Serbians, using Serbian made tools, concrete, bricks and asphalt will generate a million new jobs and create a better country. Will it cause inflation? Probably not, but who cares? The country will be richer and happier.

(Vladan, 9 January 2016 18:23)


I spent time in all former republics last year and they are much the same as Serbia. Slovenia is a little better but not much. Do you think that there are better wages in Croatia or Slovenia? Not really otherwise you would not have large numbers of young people leaving those places to look for work elsewhere.
It’s like the World Bank report on the world economy where Russia and Brazil will be in recession in 2016, but the US expects growth. However, when you look at the facts the US has not recovered since 2008.
All of this data is just smoke and mirrors or trying to lift spirits of the locals nothing else.

(J.Oker, 8 January 2016 17:30)
#

Simple minds amused by simple things. What a stupid statement. Poland recognised Kosovo and look at them LOL. Over 2 million Poles outside of Poland working or looking for work. Now that is a real success EU story.
Have you been to these places recently? I doubt it. Please stop playing with yourself.

You can raise the wages and the unemployment will rise, you try to take care of both and inflation will skyrocket, the whole balkans is suffering, this will not fix any time soon and if the people act like they are now, then never

Prices are not going to skyrocket if you raise the wages. You could double or tripple the wages and the new buying power will still be way to low and it will not force inflation. Prices are close to the rest of Europe, but the wages are a pittance. The low wages were designed to attract investment, but honestly they attract the wrong kind of investment. They should be increased gradually until they meet or exceed the European average and that will prevent any chance of sudden inflation.