We need 200,000 new jobs in Finland in order to maintain the current tax rate while still being able to pay for public services, demand for which will grow as the population ages. This is the only way we can stop the growth of the national debt and prevent our children from inheriting a huge debt burden. We suffer from a shortage of companies that can create new jobs. Thanks to our punitive tax system, the service business sector is under-developed in Finland. The country fails to attract investments because we have lost our competitive edge and entrepreneurs and business leaders have lost their trust in the political sector. Finland's labour laws date back to the 1970s even though the world has moved on from those days.
The government has passed the negotiation process on labour laws for labour market organisations to take care of, a decision which later on has served to exclude a major part of the society from the process. To fix the situation and to create new jobs, on top of all the other reforms, we also need to overhaul the way the labour markets function.
In the modern-day society, a country's government must adopt a more goal-oriented approach to the preparation of labour laws. In the business sector, when a company outsources part of its operations, it still retains the overall decision-making power, and this is what the government should do regarding the labour markets. Understanding and accepting this principle will result in a tripartite negotiation system that is better able to respond to modern-day challenges. In addition to initiating negotiations, the government must set stricter targets and monitor the achievement of these goals. It is not enough that the labour market parties reach an agreement; they must also exceed the targets set by the government, the most important of which are the creation of new jobs and reduction of unemployment. If the labour market parties will not agree to reform the system, they will soon lose their clout. We are currently in the midst of a deep crisis, as all of those almost 300,000 people out of work know from their own experience. The gravity of the situation is underlined by the unprecedented number of university graduates – up to 40,000 – registered as job-seekers.
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