In Russia, they uncovered what really caused the wage increase in the country

No time to read?
Get a summary

The increase in the wages of workers in the Russian domestic market is not directly due to the quality of work, but to the current shortage of personnel on the background of the structural restructuring of the economy. Words of Natalya Danina, Chief Labor Market Specialist, Head of Customer Efficiency at hh.ru opens RBC.

17 May Prime Minister Mikhail Mishustin declarationThat nominal (accrued and received by employees for a certain period of time) wages in Russia increased by 13% during the year. During the same period, real wages (expressed in tangible goods and services) in the country increased by 3%.

“The increase in wages is currently due to staff shortages and is not tied to business results. In the face of fierce competition for candidates and to keep current employees, they have to raise their salaries,” Danina concluded.

The June 3, RBC online edition cited Dmitry Kulikov, director of the ACRA independent and regional ratings group. reportedHe said the record low unemployment rate could negatively affect the Russian economy. Under conditions of structural adjustment on the backdrop of international sanctions, wages in the domestic labor market have started to rise, which may accelerate inflation rates in the near future.

No time to read?
Get a summary
Previous Article

Zelensky “didn’t understand” Trump’s words about ending the conflict in Ukraine within 24 hours

Next Article

MMA fighter saves a man in Moscow