Ukrainian employers should raise salaries – or risk losing their businesses

Ukrainian employers should raise salaries – or risk losing their businesses, says Pavel Rozenko, a vice prime minister who once served as labor minister. “Employers and company executives must understand that today we are working on a completely open labor market, that we are competing today for labor potential not only domestically, but also with Poland, Germany, and other states, where there are even laws for attracting labor from Ukraine,” he says, reports UNIAN. “If you do not increase the real wages of your employees, then… in two or three years you will be forced to stop your business altogether because you will not find a qualified employee.”