Economists Association 2010 Spring Conference
The major threat to the Latvian economic development is the availability of the labour force and it should become a central issue in the forthcoming National Development Plan that was the opinion of the Economists Association 2010 members in the discussion with the Minister of Economics Daniel Pavļuts.
There is already a number of industries experiencing the shortage of skilled labour and after the estimates of the Ministry of Economics around 2017 the situation will become critical. Minister of Economy said that the availability of labour is given insufficient attention - this issue should be clearly reflected in the forthcoming National Development Plan in order to achieve political and public consensus and to solve this problem. If not, an uncontrolled immigration with unpredictable consequences could be expected.