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I like how the parent puts Denmark next to Hungary and Cyprus, as if their salaries could be comparable in any way.

This is like comparing Silicon Valley salaries with Chinese




Can their salaries, and productivity, be compared with Finland though?

My point was, Finland is doing several different things, most of which may now be done cheaper elsewhere.


Their advantage might be quality though. I have a bunch of tools from Finland, because they're heavy duty and reliable. Cost is much higher than Chinese made, but it's still value for money.


What about skills based? Doing things that other "cheap" countries can't do? If u can't compete on price compete on know-how.


I don't think they lack skills on Cyprus and in Denmark. Hungarians are also quite bright.

Sure, I don't expect that Finland's economy would just implode. Developed countries don't do that. But it's quite possible it will enter multiple years long economic malaise, even by post-2022 EU accounts. As other countries slowly eat its lunch by developing matching skills while having better logistical disposition to use them.




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