Ministry of Economic Development announced the main factors of wage growth in Russia

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An increase in real wages of Russians is observed in all sectors of the country’s economy. socialbites.ca was told about this by the press service of the Ministry of Economic Development of the Russian Federation.

“The main factors for increasing wages in the non-budgetary sector were the acceleration of economic activity of industrial enterprises and organizations and the corresponding high demand for qualified personnel. Manufacturing industries show faster growth rates, the ministry’s press service noted.

Real wages in the manufacturing industry increased by 11.6% in the eight months of 2023 compared to the same period last year.

“[Это произошло] mainly due to production of electrical equipment (where wages increased by 18.5%), computer and electronic equipment (plus 16.8%) and light industry. The increase in the clothing production segment was 21.1%, and the increase in the leather products and shoe production segment was 14.8%. “In addition, with the active implementation of programs for the development of domestic tourism in the accommodation industry, real wages increased by 9.6% on an annual basis,” explained the Ministry of Economic Development.

Russian President Vladimir Putin during a meeting on economic issues on November 1 reportedSalaries in the country are increasing above inflation. According to him, they increased by 7.5% in real terms in the eight months of 2023.

Putin before she made a joke About the “supreme government of Russia”.

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