Labor Market
Due to its unusually high population density (the third highest of all oblasts or republics in Russia), Chuvashia possesses a large labor pool for a republic of its size. The people of the republic are also its greatest asset, as they are served by five higher educational institutions and 28 colleges and technical schools which are currently training approximately 45,000 students.
Due to the high-density of engineering companies and research institutions, the technical education level of the workforce, especially in the area of electrical engineering, is quite high. Additionally, average salaries in Chuvashia are quite low, with reported average incomes hovering around $50. Therefore, due to the high average education level and low costs, the Chuvash workforce has a significant competitive advantage over other areas of the world.
Read more about this topic: Economy Of The Chuvash Republic
Famous quotes containing the words labor and/or market:
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