The Competitiveness Compass claims to increase productivity and empower people, but quality skills and jobs can be at risk.
Editorial Team
The EU's latest push for competitiveness could have both positive and negative consequences. While aiming to boost economic growth, it could inadvertently lead to a decline in job quality. The focus on cutting costs and increasing efficiency might result in precarious employment conditions. Workers could face lower wages and less job security.
Moreover, emphasising competitiveness might overshadow the need for sustainable and inclusive growth. There's a risk that social and environmental standards could be compromised. The pursuit of short-term gains might undermine long-term stability and well-being.