Maxim Reshetnikov, head of the Ministry of Economic Development, said at the regional forum for social innovations that the extremely low unemployment in Russia is a brake on economic growth. His words were quoted by the agency Interfax.
According to him, the unemployment rate of 3 percent for the Russian Federation is “abnormally low”. This leads to faster wage growth in an environment of labor shortages. Reshetnikov noted that the shortage of personnel is both quantitative and qualitative. The minister stressed that this is a serious challenge for the economy.
“We will have to solve the immigration problem. We are in the Eurasian Economic Area, we have an open labor market. And of course the difficulties experienced in the last year and a half show that there is a large population flow. We must work more actively to attract immigrants to the economy,” he said.
In addition, the duplication of mechanisms to increase labor productivity and the introduction of artificial intelligence were among the possible measures.
Unemployment rate in Russia in July 2022 i went down It fell to 3 percent, the lowest level in history. This rate has not fallen below 3.1 percent since 1991.
Previously in the Russian Federation Established Single personal income tax rate for remote workers.