Slovak Economy Cannot Rely on Cheap Labor Forever, Economist Argues

Slovak economist Monika Uhlerová has argued that Slovakia's economy cannot indefinitely depend on low wages as a competitive advantage, describing current wage debates as merely addressing surface-level symptoms of deeper structural issues. She emphasized that dignified working conditions and fair compensation do not emerge naturally but result from pressure, negotiations, and deliberate political decisions. Uhlerová made these comments in connection with International Workers' Day, arguing that the holiday remains relevant as a platform for addressing labor rights and economic policy. Slovakia has historically attracted foreign investment through relatively low labor costs compared to Western European countries, but economists have increasingly questioned whether this model is sustainable for long-term economic development and living standards.