The Left Alliance has proposed that a statutory minimum wage of ten euros per hour be introduced in Finland.
Li Andersson, the chairperson of the opposition party, points out in a press release that the majority, or 22, of the 28 member states of the European Union had introduced a statutory minimum wage by the beginning of 2015.
The Chinese are an increasingly important group of visitors for the tourism industry of Finland, says Jouni Vihmo, an economist at the Finnish Hospitality Association (Mara).
“Our possibilities are quite something when it comes to China,” he says in an interview with Uusi Suomi. “Finland accounts for something like 0.2 per cent of all of the visits abroad by the Chinese. It's practically nothing, but that number alone has created quite a few new jobs and [increased the number of] overnight stays in Finland.”
Finland will have to face a decline in the standard of living unless it adapts to the demands of globalisation, warns Björn Wahlroos, the board chairman at Nordea and Sampo.
Wahlroos reiterated his support for basic income schemes yesterday in a speech broadcast live by Ilta-Sanomat by suggesting that basic income is one of the few ways for the country to succeed in the modern-day world.
Simon Elo (PS), a first-term Member of Parliament from Uusimaa, has voiced his concerns about young people with a bad credit history.
Elo points out in a blog post that a single default payment entry can have more severe repercussions for the daily lives of young people than a suspended prison sentence by, for example, limiting their opportunities to find employment.
“A number of offences carry a suspended prison sentence, which does not necessarily have any repercussions for the offender.
The Finnish economy is expected to expand by 1.1 per cent in 2016.
The Ministry of Finance estimates in its latest economic survey that, regardless of the modest recovery, the gross domestic product will be around 3 per cent and industrial output around 20 per cent lower two years from now than in 2008.
The Transatlantic Trade and Investment Partnership (TTIP) between the European Union and the United States would have a positive impact on both output and well-being in Finland, finds a recent study.
Philipp Engler, a researcher at the Free University of Berlin, and Juha Tervala, a researcher at the University of Helsinki, have estimated that the partnership would have a welfare effect equivalent to 1–4 per cent of the baseline gross domestic product. The welfare effect, they add, would allow the average EU citizen to make a one-off purchase of 460–1,160 euros.
Two men have been arrested on suspicion of manslaughter and robbery after the body of a middle-aged man was found by the roadside in Otanmäki, Kajaani, early on Sunday.
Jarkko Maksniemi, a detective superintendent at the Oulu Police Department, has confirmed to Helsingin Sanomat that both of the suspects are asylum seekers from Iraq. “I don't yet know whether they've already received a decision [on their asylum application] or when they entered Finland,” he says to the daily newspaper.
The Confederation of Finnish Industries (EK) has turned down the notion of employees being paid wages that are not enough to cover the cost of living in Finland.
EK is of the opinion that the current system of wage determination is excessively rigid but believes the starting point should invariably be that employees can live on the wages they are paid, says Jyri Häkämies, the director general at EK.
Anna-Maja Henriksson, the chairperson of the Swedish People's Party, has demanded that the income limits imposed on higher education students be raised.
“The previous time the income limits of students were raised was in 2008, from 550 euros to 660 euros per month of benefits. The penalty interest for repayment is 15 per cent,” she reminds in a press release.
Finland will seek to actively influence the drafting of a common defence strategy for the European Union, states Jussi Niinistö (PS), the Minister of Defence.
“The objective should be to develop co-operation in the defence sector with a particular emphasis on concrete aspects. It should also be considered in more depth what mutual assistance and solidarity mean in practice,” he says in a blog post on Puheenvuoro.
Prime Minister Juha Sipilä (Centre) has disputed claims made by opposition parties that the income tax concessions designed to offset the effects of the so-called competitiveness pact – an agreement between labour market organisations on measures to reduce the unit labour costs of businesses – primarily benefit high-income earners.
Erkki Tuomioja (SDP), an ex-Minister for Foreign Affairs, became on Sunday the latest policy-maker to criticise the report for scaremongering but also admitted that the report contains correct and useful analyses of, for example, internal developments in Russia.