The growth of competitiveness as a result of the changes of wage and employment

Abstract

The concept of competitiveness is a multidimensional and is closely related to the country‘s ability to adapt to a constantly changing environment. The growth of competitiveness depends on the main aspects of wage and employment, which is influenced by micro and macro factors. The objective of this article is to assess the link between the wage, employment and competitiveness. The following tasks have been implemented: to analyse the scientific literature about competitiveness and its factors; to reveal the changes of wages and employment; to assess the impact of main factors on competitiveness. In the article, the following methods of analysis are used: an analysis and summarize of the scientific literature, analysis of the statistical data, correlation-regression analysis.