Interesting read.
https://www.nytimes.com/2019/05/03/b...slave-law.html
Hungary has a labor shortage rooted in overlapping factors. First, it is a low-wage region of the EU, so there have been capital inflows from elsewhere in the EU to build plants. Second, as an EU state, it's people have the right to move to Germany or France for a more interesting life, and many do. Hungary has a net outflow of people. Orban takes a hard line on letting in people from outside the EU. His anti-immigration stance is cheered by many, but it doesn't change the labor situation. Ukranians are one of the non-EU ethnicities on the "good" list, but they'd rather work in Poland. Long story short, the people who would be willing to move to Budapest, Orban doesn't want. Enter the Mandatory Overtime law, which says businesses can compel up to 400 hours of mandatory overtime a year (normal full time in the USA is about 2000 hours, so in effect requiring mandatory 48 hour weeks), and take up to 3 years to pay that overtime.
One might call that a ham-fisted response. All it really does is create one more reason for people to not do factory work in Hungary. This is one to watch.
https://www.nytimes.com/2019/05/03/b...slave-law.html
Hungary has a labor shortage rooted in overlapping factors. First, it is a low-wage region of the EU, so there have been capital inflows from elsewhere in the EU to build plants. Second, as an EU state, it's people have the right to move to Germany or France for a more interesting life, and many do. Hungary has a net outflow of people. Orban takes a hard line on letting in people from outside the EU. His anti-immigration stance is cheered by many, but it doesn't change the labor situation. Ukranians are one of the non-EU ethnicities on the "good" list, but they'd rather work in Poland. Long story short, the people who would be willing to move to Budapest, Orban doesn't want. Enter the Mandatory Overtime law, which says businesses can compel up to 400 hours of mandatory overtime a year (normal full time in the USA is about 2000 hours, so in effect requiring mandatory 48 hour weeks), and take up to 3 years to pay that overtime.
One might call that a ham-fisted response. All it really does is create one more reason for people to not do factory work in Hungary. This is one to watch.

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