Wednesday, January 9, 2008

High Cost of Living Drains Finnish Workforce

Expensive living costs limit opportunities for people to move to the capital city area, and reduce the pool of potential workers. Commuting is often the only reasonable option.However, it is not viable for a family with two children to move to the Helsinki area unless a new job comes with a monthly salary in excess of 3,000 euros. It is more often a better option financially for those with families to commute, rather than move. For an unemployed person living alone, it pays to accept a new job in the greater capital area if the salary is no less than 2,600 euros monthly, calculates the Pellervo Economic Research Institute (PTT).

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