YLE reports that despite the economic downturn in Finland, those who retain their jobs can expect to see an increase in real income of 4.6% this year.  By contrast, last year’s increase was 1.5%.

Quoting the Taxpayer’ Association, YLE notes that ”The group attributes the improvement to slowing inflation and tax cuts. This year earned-income taxes are to be lowered overall to the tune of 870 million euros. The government — under the lead of conservative Finance Minister Jyrki Katainen — has also removed some tax penalties for raising one’s earned income”

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6 Responses to “Wage Earner’s Purchasing Power Set to Rise in 2009 – in Finland”

  1. Segio says:

    China needs to slowly shift from being less of an exropt-led economy to more of a consumer-driven economy.However, in the short-run, that’ll cause inflation and unemployment.China hasn’t had the massive ”creative-destruction” process, in over 20 years, that’s needed to fundamentally improve the economy, most likely, because the communist elites don’t want massive political upheavel.There are many problems in China’s economy. I stated before:China’s GDP is an illusion. The private sector is small (consumption fell from 45% to 36% of GDP in the past decade). Basically, China is a giant assembly plant. What the Chinese do best is corruption, crony capitalism, misallocate resources, cause negative externalities, prevent creativity, create inefficiency, and exropt much of its GDP.

  2. Alva says:

    U.S. needs faster grtowhMar 26, 2012 ”U.S. gross domestic product grew 3 percent in the fourth quarter, but is expected to have slowed to just below 2 percent in the first three months of this year. For all of last year, it grew only 1.7 percent.The U.S. central bank lowered overnight interest rates to near zero in December 2008 and has bought $2.3 trillion in debt securities to drive other borrowing costs lower to spur faster grtowh and cut unemployment.The Fed said it would likely keep rates near zero at least through late 2014.”

  3. Posts like this make the internet such a treasure trove

  4. La tendance color block par l’homme c’est une interprétation très libre!ce billet est tout simplement drôle. Merci de nous avoir mises de bonne humeur pour le reste de la journée.Mathilde, as-tu eu des explications ou des consignes d’utilisation pour la base quant à soi aux Salons du Palais Royal? Merci de ton aide. Je galère avec la mienne…(J’ai quand même eu peur lorsque l’homme a dégainé le blush Bobby Brown. Geste précis de l’homme ou fluidité du blush(?), parce que j’aurais spontanément pensé qu’il en mettait beaucoup trop! Il s’étale super facilement? Si c’est ça, je cours l’acheter, avec les références que tu aurais la gentillesse de me donner…)

  5. You put the lime in the coconut and drink the article up.

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