Despite steady economic growth and an expanding business landscape, North Macedonia faces a perplexing challenge: rising productivity in its firms does not consistently translate into higher wages for workers. This phenomenon, known as the productivity paradox, raises critical questions about the country’s labor market dynamics and the distribution of economic gains. In a recent analysis published on the World Bank Blogs, experts explore why many growing firms in North Macedonia are not boosting employee pay, shedding light on the structural and policy factors at play in this Balkan economy’s pursuit of inclusive growth.
The Productivity Puzzle in North Macedonia Exploring the Disconnect Between Firm Growth and Wage Increases
Despite visible signs of firm expansion across North Macedonia, many workers have not experienced corresponding rises in their wages. This disconnect raises critical questions about the nature of productivity growth within these enterprises. Factors such as…
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Author : Caleb Wilson
Publish date : 2025-08-04 19:16:00
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